BUSN 4130 Ch 9

What does 'Incoterms' stand for?

• International Commercial Terms

• Internal Company Terms

• International Container Terms

• Intercontinental Transfer Modes

Which document proves ownership of the goods and can be used to transfer title in international shipping?

• Packing List

• Sales Contract

• Bill of Lading

• Proforma Invoice

If a buyer wants to import goods with the least responsibility on them, which Incoterm should they choose?

• EXW (Ex Works)

• FOB (Free On Board)

• DDP (Delivered Duty Paid)

• CFR (Cost and Freight)

What does the 'Bill of Lading' NOT typically include?

• Quantity of goods

• Price per unit

• Destination of goods

• Shipper's contact information

Which document would you NOT typically need when preparing goods for international shipment?

• Certificate of Origin

• Letter of Credit

• Commercial Invoice

• Employee List