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WorksheetsIncoterms Quiz
Total questions: 20
Worksheet time: 8mins
When were the first rules of Incoterms published?
1936
1953
1966
1947
How many rules are defined in Incoterms 2020?
10
11
12
15
What is the cheapest and best way of transporting heavy goods over a long distance?
Land
Air
Sea
According to which Incoterm rule the Seller must clear the goods for export?
EXW
CPT
FAS
CIF
What is not covered by Incoterms?
Ownership of the goods
Obligations of the parties
Disputes Resolution
Risks and responsibility in case of damage
Point of Destination
Which is/are the most commonly used Incoterm rule(s)?
FAS
CIF
FOB
CPT
What is clarified basically by Incoterms?
The ownership of goods.
The point of destination of the goods.
The responsibility for the risks that may arise.
The obligations of the parties under the contract.
According to which Incoterm rule the buyer bears all the risk, insurance and cost?
FCA
CFR
CIP
EXW
FAS
What is the meaning of Incoterm CIP?
Cost & Insurance Paid To
Carrier & Insurance Paid To
Carriage & Insurance Paid To
Which Incoterm rule is most favorable to the Seller?
DPU
CFR
EXW
FCA
DDP
What is the former name of DPU?
DAP
DDP
DAT
It does not have any former names.
The Carriage has been ordered from Japan, through maritime transportation using CPT Incoterm. According to CPT Incoterm, what is NOT covered?
Loading at Departure
Packing
Transportation
Insurance
Who is responsible for prepaying the freight contract pursuant to CFR Incoterm?
Buyer
Seller
Carrier
Negotiable
According to which Incoterms rule(s), the moment of passing of risks and the moment on which it is the buyer who has to pay for all the formalities, not the seller, are different?
DDP
DAP
CPT
CIP
FOB
Which rule(s) is/are applicable for sea and inland waterway transportation?
FAS
FOB
CFR
CIF
EXW
Pursuant to which Incoterms rule it is the Seller who is responsible for clearing the goods through customs, not the Buyer?
CIP
FCA
CPT
DDP
FOB
Imagine you were the Buyer and would like to purchase the goods but to save money on logistic expenses (you had some means of transport OR you could enter into a contract with Carrier on favourable terms), what would you choose?
DDP
FAS
FCA
CPT
EXW
INCOTERMS is an abbreviation that stands for:
(a)
Incoterms DO NOT:
Determine ownership or transfer title to the goods
Specify details of the transfer, transport, and delivery of the goods
Protect parties from their own risk or loss, cover the goods before or after delivery
Define all the contractual rights or obligations or breach of contract remedies
Apply to service contracts
What are the correct names for each Incoterms group?
C - Main Carriage Paid, D - Arrival, E - Departure, F - Main Carriage Unpaid
C - Main Carriage Unpaid, D - Departure, E - Arrival, F - Main Carriage Paid
C - Main Carriage Unpaid, D - Arrival, E - Departure, F - Main Carriage Paid
C - Main Carriage Paid, D - Departure, E - Arrival, F - Main Carriage Unpaid
