INC 2020

ABC COMPANY paid main carriage charges of $100.00 for the delivery of 500 cartons of medicinal herbs to a warehouse in Singapore. Subject goods arrived at MICP. Main carriage was paid by the seller prior to departure. Which among the following is the correct incoterm.

• CPT, MICP

• EXW, Singapore

• FCA, MICP

• FCA, SINGAPORE

XYZ Corporation required his seller to pay the local port insurance during in transit of goods only, cost $50.00. Subject goods arrived at the MICP, consigned to a buyer in Bataan . Which among the following is the correct incoterm?

• CFR, Bataan

• CIF, MICP

• CFR, MICP

• CPT, Bataan

1 x 20' container consisting of albums from USA, arrived at the Port of Batangas. Seller made the goods available at the buyer's warehouse in Caloocan and had them unloaded from the vehicle. Seller paid the import charges prior to departure. Determine what incoterm was quoted by seller to his buyer.

• DAP, Batangas

• DPU, USA

• DDP, Caloocan

• DPU, Caloocan

BY SEA SHIPMENTS ARE; FAS, FOB, CIF, AND _____

WHICH OF THE FOLLOWING IS NOT INCLUDED IN THE SHIPPING TERMS THAT ARE DELIVERED N CUSTODY OF CARRIER, FORWARDER AT ORIGIN.

• FCA

• FAS

• CPT

• CIP

GIVEN:

SHIPMENT: 2 X 40' STC: PERISHABLE GOODS

DELIVERY BY SELLER: Alongside quay of vessel

ORIGIN THC: Seller's Obligation

Port of Loading: Switzerland

Port of Discharge: Port of Mactan

Ocean FRT: Paid by Buyer

Export Clearing: Paid by Seller

FIND: INCOTERM AND NAMED PLACE

• FOB, Mactan

• FAS, Mactan

• FAS, Switzerland

• FOB, Switzerland

GIVEN:

SHIPMENT: 2 X 40' STC: PERISHABLE GOODS

DELIVERY BY SELLER: On board vessel

ORIGIN THC: Seller's Obligation

Port of Loading: Bangkok

Port of Discharge: Zamboanga

Ocean FRT: Paid by Seller

Port to Port Insurance: Paid by Buyer

FIND: INCOTERM AND NAMED PLACE

• FOB, Zamboanga

• CFR, Bangkok

• FOB, Bangkok

• CFR, Zamboanga

GIVEN:

DELIVERY BY SELLER: Buyer's Warehouse

Port of Loading: Cambodia

Destination LCL Charges: Not included in seller's invoice

Port Insurance: Paid by buyer

Port of Discharge: Cebu

Ocean FRT: Paid by Buyer

Export Clearing: Paid by buyer

FIND: INCOTERM AND NAMED PLACE

• EXW, Cambodia

• CPT, Cebu

• EXW, Cebu

• CFR, Cambodia

GIVEN:

SHIPMENT: 1 X 40' STC: Chemicals

DELIVERY: Carrier Forwarder at sellers premises.

ORIGIN: FRT Collect

Port of Loading: Washington

Port of Discharge: Manila

Ocean FRT: Paid by Buyer

Internal Insurance: Coverage from transit to point of origin

FIND: INCOTERM AND NAMED PLACE

• CPT, Washington

• FCA, Washington

• CPT, Manila

• CIP, Manila

GIVEN:

San Miguel Corporation paid pre carriages/origin inland frt charges of $100.00 for the delivery of 500 cartons of sport equipments to a forwarder at country of destination.

DELIVERY BY SELLER: Forwarders Warehouse

ORIGIN THC: Seller's Obligation

Port of Loading: Beijing

Port of Discharge: Clark

Ocean FRT: Paid by Seller

Insurance Premium Paid: Done by Buyer

Export Clearing: Paid by Seller

FIND: INCOTERM AND NAMED PLACE

• CFR, Clark

• CPT, Beijing

• CIP, Clark

• CIF, Beijing