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INCOTERMS 1.1

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the transport costs.

a)

EXW

b)

CFA

c)

CIF

d)

FAS

2.

The seller clears goods for export and places them alongside the vessel at the named port of departure.

a)

EXW

b)

FAS

c)

FOB

d)

CFR

3.

The seller has fulfilled its obligation when the goods are loaded on the vessel nominated by the buyer at the named port of shipment.

a)

EXW

b)

FAS

c)

FOB

d)

CFR

4.

Term dictating that a seller of goods is responsible for the delivery of those goods to a destination specified by the buyer.

a)

FCA

b)

FAS

c)

DPU

d)

F

5.

The seller is required to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain them from the carrier.

a)

EXW

b)

FAS

c)

CPA

d)

CFR

6.

Is when a seller pays freight and insurance to deliver goods to a seller-appointed party at an agreed-upon location.

a)

CIP

b)

CIF

c)

CFR

d)

FCA

7.

That means the seller delivers the goods at their expense to a carrier or another person nominated by the seller. 

a)

CIP

b)

CIF

c)

CPT

d)

FAS

8.

Is an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit.

a)

CIF

b)

CPT

c)

FAS

d)

CIP

9.

International trade term indicating that the seller is responsible for the safe delivery of goods to a named destination, paying all transportation expenses, and assuming all risks during transport.

a)

CIF

b)

DDU

c)

DPU

d)

DDP

10.

Internation trade term indicating that the seller is responsible for the safe delivery of goods to a named destination, paying all transportation expenses, and assuming all risks during transport.

a)

CIF

b)

DAP

c)

DPU

d)

DDU

11.

The seller assumes all of the responsibility, risk, and costs associated with transporting goods until the buyer receives or transfers them at the destination port.

a)

DDP

b)

CIP

c)

DDU

d)

CFR