Incoterms Quiz

Incoterms Quiz

University

10 Qs

quiz-placeholder

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Incoterms Quiz

Incoterms Quiz

Assessment

Quiz

Other

University

Hard

Created by

Gundu Imalsa

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "Incoterms" stand for?

International Contract Terms

International Commercial Terms

International Cargo Terms

International Custom Terms

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Incoterm places the least responsibility on the seller?

EXW (Ex Works)

CIF (Cost, Insurance, and Freight)

DAP (Delivered at Place)

FCA (Free Carrier)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which Incoterm does the seller pay for transport and insurance to the destination port?

FOB (Free on Board)

CIF (Cost, Insurance, and Freight)

DDP (Delivered Duty Paid)

EXW (Ex Works)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the Incoterm FOB, when does the risk transfer from the seller to the buyer?

When the goods are ready for transport

When the goods are placed on board the ship

When the goods arrive at the destination port

When the goods are delivered to the buyer’s premises

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which Incoterm makes the seller responsible for all costs and risks up to the buyer's location?

DDP (Delivered Duty Paid)

FAS (Free Alongside Ship)

CFR (Cost and Freight)

FCA (Free Carrier)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following Incoterms is only applicable to maritime transport?

CIP (Carriage and Insurance Paid To)

FOB (Free on Board)

DAP (Delivered at Place)

EXW (Ex Works)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Incoterm "CPT" (Carriage Paid To), who bears the risk of loss or damage to the goods after they have been handed over to the first carrier?

The seller

The buyer

The insurance company

The carrier

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