International Trade Transactions

CIF Southampton: Goods are put on a train for carriage to a river port for carriage by barge to an ocean port in Holland

• The transfer of risk takes place at the river port
• The transfer of risk takes place at the ocean port
• The transfer of risk takes place at the train
• None of the above

In DPU the seller owes the buyer a duty to contract for the carriage of the goods

• True
• False

In CIP the seller owes the buyer a duty to insure the goods in transit

• True
• False

In _____, the seller must engage an ocean carrier.

• DDP
• EXW
• FOB
• CIP

DAT is now named as DPU, emphasizing that the place of destination could be any place and not only a "terminal"

• True
• False

In ____ and ____, the seller must assist the buyer with import clearance

• DDP and CPT
• CPT and DPU
• DPU and DDP

• EXW and DDP

In which of the following incoterm rules does the seller deliver the goods to the buyer by handling them over to the carrier?

• CIP
• EXW
• DDP
• FOB

In which of the following incoterm rules does the seller deliver the goods to the buyer by placing the goods at the disposal of the buyer?

• EXW
• FCA
• FAS
• FOB

Which of these modes do not apply to multi-modal transport?

• FCA
• FAS
• CIP
• CIF

Which of these modes are applied to sea and inland waterway transport only?

• CFR
• CPT
• FAS
• FCA