Quiz - INCOTERMS

Quiz - INCOTERMS

Professional Development

18 Qs

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Quiz - INCOTERMS

Quiz - INCOTERMS

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Varun P

Used 516+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Cheapest and best way of transporting heavy and bulky goods over a long distance.

Air

Land

Sea

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which incoterms has the condition wherein the buyer absorbs all the risk, insurance and cost?

EXW

FCA

FOB

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If all the goods to be transported are accommodated in one single container, it is called

FCL (Full Container Load)

LCL (Less than Container Load)

CL (Consolidated Load)

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

_____ are common terms and rules developed to mitigate language barriers in international shipping.

MARITIME Laws

INCOTERMS

STEERAGE Laws

MARITIME Codes

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the meaning of Incoterm CPT?

Carriage Ported Towards

Carriage Paid To

Carriage Processed To

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the meaning of Incoterm CIP?

Cost & Insurance Paid To

Cost & Interest Procured

Carriage & Insurance Paid To

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the meaning of Incoterm FAS?

Free Alongside Ship

Forward Along Shipment

Free Allotted Ship

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