Incoterms

What is this Incoterm?

• FOB

• EXW

• CIP

• CPT

What is this Incoterm?

• DDU & DDP

• FOB & FCA

• CFR & CIF

• EXW

What is this Incoterm?

• CFR & CIF

• EXW

• DDU & DDP

• FCA & FOB

What is this Incoterm?

• DPU

• CPT

• EXW

• FCA

Who pays Duty/Tax in DDP?

• Shipper (Exporter)

• Consignee (Importer)

• No one pays

What is the advantage for the shipper in EXW?

• The shipper can control logistics.

• There is no logistics risk for the shipper.

• The shipper can produce behind the schedule.

• There is no advantage for the shipper

Where the responsibility of Cost and Risk does move from the Shipper to Consignee in FOB?

• At export side CY

• At import side CY

• When the cargo is on the vessel at export side.

• When the cargo is off the vessel at import side.

Which Incoterm does this picture show?

• CIF

• FOB

• FCA

• DPU

What is the difference between CFR and CIF?

• CFR：No Duty、CIF：Shipper pays Duty

• CFR：Shipper pay cost (freight) 、CIF：Consignee pay cost (freight)

• CFR：No Insurance、CIF：Shipper pays Insurance

• CFR：Shipper take risk、CIF：Consignee take risk

Which Incoterm does this picture show, the responsibility of Cost or Risk? (Orange: Responsibility. Green: Payment of Expenses.

• Risk Responsibility

• Cost Responsibility

• Neither