NRA Knowledge retention 2

An Incoterm that places maximum responsibility of the Seller at the Destination.

a

EXW (Ex Works)

DDP (Delivered Duty Paid)

DAP (Delivered At Place)

FOB (Free On Board)

A C-group Incoterm which the Seller covers charges and freight upto destination port, but Insurance is an optional to arrange separately by the Buyer.

a

CIP (Carrier & Insurance to be Paid)

CIF (Cost Insurance & Freight)

CPT (Cost To Be Paid)

CFR (Cost & Freight)

A C-group incoterm which the Seller provides mandatory Insurance and covers cost until destination port

a

CIP (Carrier & Insurance to be Paid)

CFR (Cost & Freight)

CPT (Cost To Be Paid)

CIF (Cost Insurance & Freight)

An Incoterm that places maximum responsibility of the Buyer at the Destination.

a

DDP (Delivered Duty Paid)

DAP (Delivered At Place)

EXW (Ex Works)

FOB (Free on Board)

An F-group incoterm which the Seller transport goods and ends the responsibility next to the vessel or alongside the ship.

a

FAS (Free Alongside Ship)

FOB (Free On Board)

FCA (Free Carrier)

An F-group incoterm which the Seller handled the goods to the first carrier for transportation. It also often for containerized shipments.

a

FCA (Free Carrier)

FAS (Free Alongside Ship)

FOB (Free On Board)

What does DPU stand for?

What does DAP stand for?

What does CPT stand for?

Draw check "✔️" mark on the 7 continents on the image.