INCOTERMS 2020 (QUIZ#02)

The following are agreed terms under ICC INCOTERMS 2020, except:

• Purchase

• Trade

• Risk

• Delivery

Relationship under ICC Incoterms 2020 exist between whom of the ff. ?

• Country of Origin & Country of Destination

• Buyer at any Place and Seller at Origin

• Government & Importer

• All of the Above

C & D terms under ICC Incoterms 2020 are assumed to be placed or to be delivered at where?

• Country of Origin

• Buyers’ Warehouse

• Country of Destination

• Any of the Choice is considerable

Minimum obligation of the seller is represented on what term of shipment under ICC Incoterms 2020?

• FOB

• EXW

• DDP

• DPU

Under the choices below, the maximum obligation of the buyer is represented on what term of shipment under ICC Incoterms 2020?

• FOB

• DAT

• EXW

• DPU

E & F terms under ICC Incoterms 2020 are assumed to be placed or to be delivered at where?

• Buyers’ Warehouse

• Country of Origin

• Country of Destination

• None of the above

Seller delivers when he places the goods at the disposal of the buyer at the premises of the former or another named place cleared for export.

• FOB

• EXW

• FCA

• CIF

Seller delivers when he places the goods at the disposal of the buyer at the premises of the former or another named place cleared for export and not loaded to any collecting vehicle.

• EXW

• FCA

• FOB

• CIF

In a CPT entry, who is responsible for the payment of Marine Insurance?

• Seller

• Buyer

• Importing Government

• Exporting Government

In a CIT entry, who is responsible for the payment of Marine Insurance?

• Seller

• Either Seller or buyer is correct

• Buyer

• Neither of the choices