When creating an Itinerary one of the parameters that can be set on the Parameters tab is the "INCO Term Profile ID". What are INCO Terms?

When creating an Itinerary one of the parameters that can be set on the Parameters tab is the "INCO Term Profile ID". What are INCO Terms?
A. Insurance Company terms that define the carrier’s indemnification rights and responsibilities.
B. International Commerce terms that define which party owns freight at each point in the shipment process.
C. International Cargo Operations terms that define the classes of air and ocean vessels approved for shipping commercial freight.
D. Incorporation terms that define the geographies that a carrier is licensed to operate within.

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