Pre Test Incoterms 2020 with ICC

Pre Test Incoterms 2020 with ICC

KG

10 Qs

quiz-placeholder

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Pre Test Incoterms 2020 with ICC

Pre Test Incoterms 2020 with ICC

Assessment

Quiz

Professional Development

KG

Practice Problem

Hard

Created by

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under Incoterms® rule FCA when the goods are picked up at the seller’s premises, who is responsible for the loading of the goods on the means of transport provided by the buyer?

A. The Buyer

B. The carrier

C. The Seller

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On reviewing bill of lading in respect of a contract of sale agreed on a CIF basis, one would expect to see it marked:

A. Freight collect

B. Freight paid

C. Freight payable at port of loading (or place of issue)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the Incoterms® rules starting with the letter C or D, it is for the buyer to make the contract of carriage with the carrier.

A. True

B. False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Incoterms® rules CIF require the seller to provide insurance with maximum cover, Institute Cargo Clause (A).

A. True

B. False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Of all the Incoterms® 2020 rules, EXW involves the maximum obligation of the buyer.

A. True

B. False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the Incoterms® rule FOB ownership or property rights in the goods transfers from seller to buyer when the goods are placed on board the vessel at the port of shipment.

A. True

B. False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Incoterms® rule DDP involves the maximum obligation of the seller.

A. True

B. False

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