Incoterms 2020 Quiz

According to Incoterms 2020, if a shipment is exported from Vietnam, which information below is appropriate?

• FOB Cat lai port, Ho Chi Minh city, Vietnam.

• CFR Cat lai port, Ho Chi Minh city, Vietnam.

• CIF Cat lai port, Ho Chi Minh city, Vietnam.

• DDP Cat lai port, Ho Chi Minh city, Vietnam.

According to Incoterms 2020, if CIF is used, which idea below is inappropriate?

• The Seller must pay the import tax at the port of destination.

• The Seller must pay the export tax for the goods.

• The Seller must issue and collects and the required documents for the shipped goods.

• The Seller must pay the freight from the port of loading to the port of destination.

When the Incoterms 2020 is used, CIF Cat lai port, Ho Chi Minh city, Vietnam is selected. Assume that the importer got all the necessary documents of the delivered goods. Which idea below is correct?

• The exporter paid the insurance fee but the importer receives the compensations (if any damage).

• The exporter paid the insurance fee, receives the compensations (if any damage) then transfers to the importer.

• The importer paid the insurance fee hence receives the compensations (if any damage).

• The exporter paid the insurance fee, the compensations (if any damage) could then be shared with the importer.

When the Incoterms 2020 is used, FOB Cat lai port, Ho Chi Minh city, Vietnam is selected. Which idea below is correct?

• The exporter must provide the importer the export documents, pays export tax and all fees at the Cat lai port, Ho Chi Minh city, Vietnam to deliver goods onboard.

• The exporter must provide the importer the export documents, pays export tax, all fees and freight from the Cat lai port, Ho Chi Minh city, Vietnam to deliver goods to discharge port.

• The exporter only has an obligation to load goods on the transport mean of the importer at Cat lai port, Ho Chi Minh city, Vietnam.

• The exporter only has an obligation to load goods on the transport mean that nominated by the importer at Cat lai port, Ho Chi Minh city, Vietnam.

Which Incoterms 2020 rule is chosen if the buyer in Singapore imports the goods from Vietnam by sea and has obligation to make a contract of carriage?

• FOB

• DDP

• CFR

• CIF

Which Incoterms 2020 rule is chosen if the seller in Vietnam exports the goods to France by sea and has obligation to make both contracts of carriage and insurance?

• CIF

• DDP

• CFR

• FOB

Which of the following expresses that Ben Nghe port is a port of loading?

• FOB Ben Nghe port HCMC Vietnam Incoterms 2020

• CIF Ben Nghe port HCMC Vietnam Incoterms 2020

• DAT Ben Nghe port HCMC Vietnam Incoterms 2020

• CPT Ben Nghe port HCMC Vietnam Incoterms 2020

Arrange the following Incoterms 2020 rules in the order of increasing the seller’s obligation.

• EXW < FCA < CFR < CIF

• FOB < FAS < CIF < CFR

• EXW < CIP < FOB < DDP

• DAP < CPT < FOB < FAS