INCOTERMS

Which among the following is not under the DDP incoterm?

• Cleared for import

• Cleared for export

• The goods are unloaded from the arriving means of transport

• The goods are placed at the disposal of the buyer

Which incoterms wherein the seller delivers the goods once it was placed on a quay at the port of shipment?

• FAS

• FOB

• CFR

• EXW

Which incoterm requires the seller to place the goods at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination?

• EXW

• DAP

• DPU

• DDP

Which incoterm is suited exclusively for maritime transport only with main carriage having been paid by the buyer upon arrival of goods at destination?

• FOB

• FCA

• CFR

• DDP

Which incoterm requires seller to make the goods available to the buyer on the deck of carrying vessel at the port of shipment. Main carriage was pre-paid with marine insurance premium cost separately indicated in seller’s covering invoice. 

• CIP

• DAP

• CFR

• CIF

Which among the following statements is true?

• In the FOB incoterm, the seller delivers the goods upon placing on board the vessel nominated by him.

• In FAS incoterm, the seller delivers the goods upon placing alongside the vessel at the port of destination.

• In CCP incoterm, the seller is responsible for unloading the goods on the arriving means of transport at the disposal of the buyer and also responsible for the payment of import duties and taxes. 

• In the FCA incoterm, the seller delivers the goods to the buyer upon placing them at the warehouse of the freight forwarder in the origin. 

Which of the following incoterms may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed?

• EXW

• FOB

• FAS

• CFR

For the delivery to occur, this incoterm does not require the seller to load the goods on any collecting vehicle, nor does it need to clear the goods for export.

• EXW

• FOB

• FCA

• DDP

In the FAS Incoterm, which one of these choices is not included in the seller’s obligation?

• The seller is required to clear the goods for export.

•  The seller must contract the carriage of the goods at its own cost.

• The seller must pay all costs relating to the goods until they have been placed alongside the vessel. 

• The seller must provide the goods and the commercial invoice.

In CPT incoterm, when shall the risk are transferred from the seller to the buyer?

• Upon reaching the place or port of destination

• Upon the loading of the goods on board the vessel

• Upon placing the goods alongside the vessel

• Upon handing the goods over to the carrier