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INCOTERMS

Authored by Lean Training

Professional Development

Professional Development

INCOTERMS
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Please select the Incoterm that better fist the following scenario:

The company ABC located in New Orleans has sold a load of cell phones to company 123 located in Manaus, ABC is responsible and liable to package and prepare the load at the warehouse of origin.

CPT

FOB

CIF

EXW

Answer explanation

Exwork applies when the transfer of responsibility and liability of the the goods and transportation cost is done once the cargo has left the warehouse of origin.

2.

OPEN ENDED QUESTION

3 mins • 2 pts

Please name the incoterms that ONLY apply to Ocean Transportation

Evaluate responses using AI:

OFF

3.

FILL IN THE BLANK QUESTION

1 min • 2 pts

The_______ incoterm applies when the seller is responsible for the transportation cost until the cargo has arrived at its destination including clearance and the risk of the goods is transferred to the buyer at the port of loading.

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Please select the option that better fits the below statement.

Under this incoterm, the seller is responsible for the transportation cost until the cargo has arrived at the destination including customs clearance and insurance. The transfer of the risk is done once the cargo is loaded at Origin.

DDP

CIF

CRF

FAS

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

The FOB incoterm establishes that the seller is responsible for the transportation cost and risk of the goods until the cargo is inside the port of Origin.

True

False

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