Incoterm 2020_Tiff
Authored by Tiffany Khong
Professional Development
Professional Development
Used 40+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Incoterms are published by?
International Chamber of Commerce (ICC)
International Chamber of Code (ICC)
Incoterm Chamber of Commerce (ICC)
International Chamber Commitee (ICC)
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Incoterms are subject to change every _ years?
3
5
8
10
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True or False? Incoterms stand for Inter-Company Commercial Terms.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which incoterms has the condition wherein the buyer absorbs all the risk, insurance and cost?
EXW (Ex Works)
FCA (Free Carrier - Place)
FOB (Free On Board)
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In CFR Incoterm, the insurance is arranged by ______
Buyer
Seller
Freight Forwarder
6.
MULTIPLE SELECT QUESTION
20 sec • 2 pts
What is NOT covered under CPT (Carriage Paid To XX) Incoterm?
Packing
Transportation
Insurance
Loading at departure
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True or False. Incoterm® states when the seller’s costs and risks are transferred from the seller to the buyer.
True
False
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
