
INCOTERMS
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
Cletus Emmanuel
Used 1+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises or at another named place (i.e.,works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.
FAS
EXW
FCA
CFR
FOB
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.
CFR
FOB
FAS
CIF
FCA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
CIP
CPT
FAS
FCA
FOB
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
CPT
CIP
FAS
CFR
FOB
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.
CPT
EXW
FCA
FAS
FOB
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.
CFR
CIF
FOB
FCA
FAS
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
CIP
FCA
FOB
CFR
FAS
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