Features of the "F" category of incoterms

In an FCA transaction, what does "technical delivery" refer to?

• The physical delivery of goods to the buyer's location

• The delivery of goods to the first carrier named by the buyer

• The completion of export clearance procedures

• The buyer's acceptance of the goods at the destination

Who is responsible for arranging and paying for transportation charges in an FCA transaction?

• The seller

• The buyer

• The first carrier

• The shipping company

When does the seller's risks get transferred in a Free Carrier (FCA) transaction?

• After arranging for export clearance

• When the goods are delivered to the buyer's premises

• Upon payment of transportation charges by the buyer

• When the goods are delivered to the first carrier named by the buyer

In a Free Alongside Ship (FAS) transaction, when are the seller's obligations fulfilled?

• When the goods are on board the ship.

• When the goods are delivered to the buyer's premises.

• When the goods are cleared through customs at the destination.

• When the goods are placed alongside the ship at the port of departure.

FAS transaction is applicable for all modes of transport.

• True

• False

In an FAS transaction, what are the responsibility of a buyer?

• Contract for carriage and pay for transportation charges

• Arrange for export clearance

• Responsible for import clearance

• Pay for unloading costs

In a Free On Board (FOB) transaction, when are the seller's obligations fulfilled?

• When the goods are on board the ship at the port of departure.

• When the goods are delivered to the buyer's premises.

• When the goods are cleared through customs at the destination.

• When the goods are placed alongside the ship.

In an FOB transaction, which of the following statements is true?

• 1. Buyer arrange for export clearance

• 1. Seller pay for loading cost

• 1. Buyer provide a clean on board receipt

• 1. Seller arrange for import clearance.

In FOB transaction, who's risk is it if an accident occurred here?

• The importer

• The exporter

In which Incoterm is the buyer responsible for import clearance?

• FOB

• FAS

• FCA

• All of the above