
Incoterms
Quiz
•
English
•
University
•
Practice Problem
•
Medium
Татьяна Чурсина
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does FOB stand for?
Free on Board
Free on Buyer
Freight on Board
Freight on Buyer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an EX-Works transaction?
an arrangement where the buyer handles all export documentation
an agreement where the buyer covers all transportation costs and risks
a rule where the seller is responsible for delivery to the buyer’s door
a trade term that involves the seller arranging customs clearance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed or variable charges imposed for specific services, permits, licenses, or administrative processes, such as costumes clearance, inspection, or documentation are referred to as:
rates
fees
expenses
taxes
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In _____ transactions, the shipper/seller has the same obligations found with CIF, with the addition that the seller has to buy cargo insurance, naming the buyer as the insured while the goods are in transit.
CIP
DAF
CFR
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______a trade term where the seller is responsible for delivering the goods to a named destination, which could be a place or location, and covering the costs of transportation. The risk of loss or damage transfers from the seller to the buyer once the goods are in the possession of the carrier.
CPT
DDP
DES
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The seller agreed to deliver the goods _______
the buyer/consignee's door, covering the transportation and delivery costs to the final destination.
at
to
for
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Additional charges for handling and ______[store] were incurred during the transportation of the goods.
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