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International Payment - Group 3

Authored by Thành Công

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University

Used 3+ times

International Payment - Group 3
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15 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which Incoterm requires the seller to deliver the goods to a named place, taking care of export customs formalities but not import customs clearance?

CPT

DDP

FCA

DAP

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is not the mistake that buyers and sellers make ?

  1. dont give the specific location

using fob incoterms for containerized cargo

matching the wrong incoterms with bank security requirements

using the wrong incoterms for the chosen mode of transport

  1. using fca, cpt and cip incoterms for containerized cargo

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

International transportation costs can vary significantly depending on… and …

risk & price

lane & mode

language & mode

distance & risk

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which Incoterm is most commonly used for containerized shipments that involve multiple modes of transport?

CIF

DPU

FCA

CIP

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A Licensed Customs Broker is the least useful tool to prevent common mistakes from ever occurring. True or False?

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which Incoterm requires the seller to deliver the goods to a named place of destination but does not include unloading at the final destination?

CFR

CIP

DAP

FCA

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which term defines the seller's delivery responsibility before the buyer takes over?

Cost

Risk

Carriage

All of them

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