TEST INCOTERMS

What is the role of special trade terms?

• the terms define the rights and duties of the seller and the buyer as regards the point of delivery

• the terms define the rights and duties of the seller and the buyer as regards the shipment

• the terms define the rights and duties of the seller and the buyer as regards the procurement of transport documents

• all of the above

Who set out the standardise rules of interpreting this system?

• International Chamber of Commerce (ICC)

• International Court Contract (ICC)

• International Contract Court (ICC)

• International Commerce Court (ICC)

When is the first incoterms was set?

• 1936

• 1946

• 1956

• 1976

When is the current latest Incoterms?

• Incoterms 2013

• Incoterms 2010

• Incoterms 2020

• Incoterms 2011

How many groups of Incoterms are there?

• Group E,F,C,D

• Group B,C,D,E

• Group A,C,D,B

• Group F,G,D,C

The E term stands for:

• eXw; exortic work

• ExW; Ex Work

• non of the answer available

• EXW - Extension of work

The F Group includes:

• FCA, FAS, FOB

• FAR,FON,FIN

• FAB, FUS,FOC

• FUN,FOB,FOS

How many classification of Incoterms 2010 rules available?

• Rules for any mode of transport

• Rules for sea and inland waterway transport

• Rules for air force

• Rules for jetski transport

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

• EXW

• FCA

• FOB

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

• Air

• Land

• Sea