Incoterms

Quiz
•
Other
•
12th Grade
•
Medium

Shantel Albury
Used 118+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods that are bought and sold in trade. If being shipped or moved, it may be called FREIGHT or CARGO.
Shipment
Merchandise
Export
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
'INCOTERMS' stands for...
International Communications Term
International Commerce Terms
International Commercial Terms
All the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It means the seller is responsible for the goods until they are loaded. The seller must pay all costs related to getting the goods to port and onto vessel.
INCOTERMS – COST & FREIGHT (CFR)
INCOTERMS – FREE ON BOARD
INCOTERMS – COST INSURANCE FREIGHT (CIF)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A major consideration when selecting the correct Incoterms® rule is that sellers and buyers should not use terms that imposes risks and obligations beyond their control.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It means the price includes the cost of goods, insurance and transportation to the destination port.
CFR (COST AND FREIGHT)
INCOTERMS – COST INSURANCE FREIGHT (CIF)
INCOTERMS – FREE ON BOARD:
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It means the price includes the cost of goods and transport charges to the destination port.
INCOTERMS – FREE ON BOARD
EXW (EX WORKS)
INCOTERMS – COST & FREIGHT (CFR)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It's a place where goods are stored after shipping but before the payment of duties on those goods.
STORAGE
BONDED WAREHOUSE
CHAMBER
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