Incoterms
Quiz
•
Business
•
University
•
Practice Problem
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Medium
Juan Camilo Giraldo Vanegas
Used 216+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which incoterm places minimum responsibility on the seller?
Free On Board (FOB)
Ex works (EXW)
Delivery Duty Paid (DDP)
Delivered at place (DAP)
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which incoterm is used only to refer to goods transported by ship?
Free On Board (FOB)
Free Alongside Ship (FAS)
Cost and freight (CFR)
all of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost, insurance and freight (CIF) can be used for ______
Inland transportation
Maritime transportation
Air transportation
Any mode of transport
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What are the Incoterms?
International Commercial Terms
International Correction Terms
International Corporation Terms
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______ 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
COST & FREIGHT (CFR)
FREE ON BOARD (FOB)
DELIVERY AT PLACE UNLOADED (DPU)
FREE ALONGSIDE SHIPS (FAS)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__________ means the price includes the cost of goods, insurance and transportation to the destination port.
COST AND FREIGHT (CFR)
COST INSURANCE FREIGHT (CIF)
CARRIAGE AND INSURANCE PAID TO (CIP)
DELIVERY DUTY PAID (DDP)
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
_________ places the maximum obligation on the seller, and is the only rule thath requires the seller to take responsability for import clearance.
Carriage Paid to (CPT)
Free Carrier (FCA)
Delivered at Place Unloaded (DPU)
Delivered Duty Paid (DDP)
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