Incoterms_Test_Crystal

Incoterms_Test_Crystal

1st Grade

6 Qs

quiz-placeholder

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Incoterms_Test_Crystal

Incoterms_Test_Crystal

Assessment

Quiz

Business

1st Grade

Practice Problem

Medium

Created by

Hannah Hu

Used 6+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CFR Haiphong, who pays the freight? Who bears the risk?

A. a) Seller b) Buyer & Seller

B. a) Buyer b) Seller

C. a) Forwarder b) Seller

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Incoterm? “The seller must bear all risk of loss of or damage to the goods until such time as goods have passed the ship’s rail at the port of shipment”

FOB

CIF

CPT

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FOB Ho Chi Minh, talking about export or import?

Export

Import

Re-export

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For goods sent “EXW” Seller where is the transfer of risk?

Once buyer picks up goods at the Seller’s named place

Seller delivers the goods to the Seller’s named place

Seller clears the goods for export

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The seller delivers the goods to the buyer’s appointed forwarder at origin country, what is the correct Incoterm?

FOB, FCA & FAS

FOB & FCA

FOB & FAS

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How to write in correct Incoterm: Port to Port (Vietnam – Chittagong), Freight Prepaid

CFR Chittagong, Bangladesh incoterms 2020 ®

FOB HO Chi Minh, Vietnam incoterms 2020 ®

CIF Ho Chi Minh, Vietnam incoterms 2020 ®

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