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WorksheetsIncoterms
Total questions: 11
Worksheet time: 5mins
Which incoterm places minimum responsibility on the seller?
Free On Board (FOB)
Ex works (EXW)
Delivery Duty Paid (DDP)
Delivered at place (DAP)
Which incoterm is used only to refer to goods transported by ship?
Free On Board (FOB)
Free Alongside Ship (FAS)
Cost and freight (CFR)
all of the above
Cost, insurance and freight (CIF) can be used for ______
Inland transportation
Maritime transportation
Air transportation
Any mode of transport
What are the Incoterms?
International Commercial Terms
International Correction Terms
International Corporation Terms
None of the above
_______ means the seller is responsible for the goods until they are loaded. The seller must pay all costs related to getting the goods to port and onto vessel
COST & FREIGHT (CFR)
FREE ON BOARD (FOB)
DELIVERY AT PLACE UNLOADED (DPU)
FREE ALONGSIDE SHIPS (FAS)
__________ means the price includes the cost of goods, insurance and transportation to the destination port.
COST AND FREIGHT (CFR)
COST INSURANCE FREIGHT (CIF)
CARRIAGE AND INSURANCE PAID TO (CIP)
DELIVERY DUTY PAID (DDP)
_________ places the maximum obligation on the seller, and is the only rule thath requires the seller to take responsability for import clearance.
Carriage Paid to (CPT)
Free Carrier (FCA)
Delivered at Place Unloaded (DPU)
Delivered Duty Paid (DDP)
Carriage paid to (CPT) can be used for ___________
Maritime transportation
Any mode of transport
Inland transportation
Air transportation
____________ means that the seller is responsible for arranging carriage and delivering the goods at named place, cleared for import and all applicable taxes and duties paid.
Delivered at place (DAP)
Carriage and insurance paid to (CIP)
Delivered Duty Paid (DDP)
Carriage paid to (CPT)
Ex works (EXW)
_________ means that the seller is required to arrange for the carriage of goods by sea to a port of destination. Also, the seller is not responsible for the cargo during transportation.
CFR
FAS
FCA
CIF
CPT
What organization published the incoterms?
World Bank
United Nations (UN)
World Trade Organization (WTO)
International Monetary Fund (IMF)
International Chamber of Commerce (ICC)
