Incoterms 2020

In FOB, seller must pay the costs and freight includes insurance to bring the goods to...............; and risk is transferred to the buyer once the goods are loaded on the ship at …..……

• port of discharge, port of loading

• port of loading, port of loading

• port of discharge, port of discharge

• port of loading, port of discharge

Under which rule in Incoterms®2020 the seller does not have to make export clearance for the goods?

• EXW

• CPT

• FCA

• DDP

Under FCA, the seller is responsible for:

• Import clearance

• Export clearance

• Both export and import clearance

In CFR, the seller delivers the goods on board the ship at the port of shipment.

• True

• False

Under CIF, the buyer is required to make a contract of carriage/transport for the goods from port of loading to port of unloading.

• True

• False

In FOB, seller bears all risks of loss or damage to goods until they have been delivered:

• On board the named ship at the port of shipment

• Alongside the named ship at the port of shipment

• Available at seller's premise

Which of the following rule is used for sea transportation only?

• FAS

• FCA

• CPT

• DAP

Which of the following is TRUE about CIF?

• Transfer of risk occurs on board of vessel at loading port

• Buyer enters into contract of carriage with the carrier

• Buyer has an obligation for insurance of the goods.

• Insurance must be covered at Insitute Cargo Clause (A)

DAP can be used for any mode of transportation

• False

• True

DPU stands for:

• Delivered at Place Unidentified

• Delivered at Place Unloaded

• Delivered at Place Unpaid