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INCOTERMS

Total questions: 5

Worksheet time: 4mins

Name
Class
Date
1.

In which incoterm is completely mandatory for the seller to contract the insurance?

a)

CFR

b)

CIF

c)

FOB

d)

FIS

2.

In which incoterm all the expenses are paid by the seller?

a)

DAP

b)

DDP

c)

CFR

d)

CIF

3.

In which incoterms does the buyer pay customs clearance? more than one correct answer.

a)

DAP

b)

DDP

c)

CFR

d)

FIS

4.

In which incoterm is the risk of the merchandise transmitted on the imaginary line of the shipments rail at the port of origin?

a)

FOB

b)

EXW

c)

DAP

d)

DDP

5.

Why is the HS CODE used inside the international trade?

a)

To identify the merchandise and create a harmonized system

b)

To add more value to insurance

c)

To increase logistics procedures

d)

To improve the cargo value