TOPIC 2 - INCOTERMS (QUIZ)

1.     Which INCOTERM shows freight charges prepaid by the seller?

• a)    EXW

• b)    CPT

• c)    FAS

• d)    FOB

2.     Which INCOTERM shows freight charges collect by the buyer?

• a)    DAP

• b)    CFR

• c)    CIP

• d)    FOB

3.     Which is among the following INCOTERM does NOT pertain to delivery on board the vessel?

• a)    FOB

• b)    CFR

• c)    CIF

• d)    FAS

4.     Which INCOTERM requires the seller to pay the destination unloading charges at the buyer’s warehouse?

• a)    DPU

• b)    DAP

• c)    DDP

• d) CIF

5.     Which INCOTERM requires the seller to pay the customs duties, taxes and other charges at the Bureau of Customs?

• a)    DPU

• b) DAP

• c) DDP

• d) CIF

6. Which INCOTERM requires the buyer to pay the origin THC/LCL charges on board the vessel?

• a)    FOB

• b) FAS

• c) CFR

• d) DAP

7. Which INCOTERM requires the buyer to pay the freight charges and insurance on custody of the carrier delivery?

• a)    FCA

• b) FOB

• c) CPT

• d) CIP

8. Which INCOTERM requires the seller to pay the freight charges and insurance on board of the vessel delivery?

• a) CIF

• b) CIP

• c) DDP

• d) DAP

9. Which INCOTERM requires the buyer to pay import duties and taxes and destination unloading charges at the buyer’s warehouse?

• a) DDP

• b) DPU

• c) DAP

• d) CIF

10. Which INCOTERM requires the seller to shoulder only the processing and manufacturing of product including its export packaging available on its place of business?

• a) EXW

• b) FCA

• c) FOB

• d) DDP