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Incoterms

Authored by Татьяна Чурсина

English

University

Used 6+ times

Incoterms
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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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