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Worksheets

TTTM

Total questions: 64

Worksheet time: 54mins

Name
Class
Date
1.
The seller pays all delivery costs to a named destination, except for insurance.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

2.
The seller pays the costs and freight charges for delivery of the goods to the named port and clears the goods for export but the buyer bears the risks after shipment.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

3.
The same as CFR, except the seller also pays the cost of insurance.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

4.
The seller pays the costs and freight charges for delivery to the goods to the named port but also clears the goods for export and contracts for insurance (min. coverage only required).
a)

CFR

b)

CIF

c)

CPT

d)

CIP

5.
The seller pays all delivery costs to a named destination. The buyer pays any additional costs after the goods have been delivered nominated carrier.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

6.
The seller pays for carriage to the named destination but the risk and any additional costs are transferred to the buyer.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

7.
The seller pays transport and insurance to a named destination, but not import duty.
a)

CFR

b)

CIF

c)

CPT

d)

CIP

8.
The seller pays for carriage to the named destination and also for insurance (minimum coverage only required).
a)

CFR

b)

CIF

c)

CPT

d)

CIP

9.
The seller pays all delivery costs to the buyer frontier, but not import duty.
a)

DAF

b)

DES

c)

DEQ

d)

DDP

e)

DDU

10.
The seller pays all delivery costs on board ship but does not clear the goods for import at the named port of destination.
a)

DAF

b)

DES

c)

DEQ

d)

DDP

e)

DDU

11.
The seller pays all delivery costs to a port named by the buyer, but does not clear the goods for import at the named port.
a)

DAF

b)

DES

c)

DEQ

d)

DDP

e)

DDU

12.
The seller pays all delivery costs, including import duty, to a named destination in the importing country.
a)

DAF

b)

DES

c)

DEQ

d)

DDP

e)

DDU

13.
The same as DDP, except that the seller does not pay import duty.
a)

DAF

b)

DES

c)

DEQ

d)

DDP

e)

DDU

14.
The buyer pays all delivery costs once the goods have left the seller’s factory or warehouse.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

15.
The seller makes the goods available at their own premises, but is not responsible for loading unless otherwise agreed.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

16.
The seller pays all delivery costs to the buyer’s carrier, and clears the goods for export.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

17.
The seller delivers the cleared goods into the charge of the carrier named by the buyer at the named place.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

18.
The seller pays all delivery costs to the port. The buyer pays for loading the goods on to the ship and all other costs.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

19.
The seller delivers the cleared goods to the quay alongside the vessel at the named port and clears the goods for export.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

20.
The seller pays all delivery costs to when the goods are on board ship at a named port. The buyer pays all other costs.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

21.
The seller delivers the cleared goods to the quay alongside the vessel at the named port, clears the goods for export and organizes the loading of the goods onto the ship.
a)

EXW

b)

FCA

c)

FAS

d)

FOB

22.

Phrase indicating who a letter is for.

(a)  

23.

Similar to carbon copy (C.C), only there is no indication on the copy of the letter or message sent to the named recipient that copies are being sent to other people.

(a)  

24.

Shipping document that gives details of a consignment, its destination, and the consignee. It entitles the consignee to collect the goods on arrival.

(a)  

25.

Style of writing, eg. an address, in which each line starts directly below the one above.

(a)  

26.

Separate document attached to an email message. Icons indicating attachments form part of the header information.

(a)  

27.

Phrase used at the end of a letter, before the signature, e.g. Yours faithfully, Yours sincerely

(a)  

28.

Address of the person a letter is written to.

(a)  

29.

Printed address of the sender, in the UK usually at the top of the page.

(a)  

30.

Term used for goods sent to possible customers to look at or use before buying them.

(a)  

31.

For and on behalf of.

(a)  

32.

Company whose shares can be bought and sold by the public.

(a)  

33.

Book or booklet giving details of goods or services offered by a company, usually with a price list.

(a)  

34.

Amount taken off the usual selling price of goods when they are paid for by cheque or cash.

(a)  

35.

Term used when the supplier agrees to take back any goods that the retailer cannot sell.

(a)  

36.

Person or organization that hires an agent or broker to buy or sell goods for them.

(a)  

37.

Amount taken off the usual selling price of goods because the buyer is purchasing a large quantity.

(a)  

38.

Particular item made or sold by a company.

(a)  

39.

Condition of sale where the customer pays for the transport of the goods.

(a)  

40.

Condition of sale where the seller pays for the transport of the goods.

(a)  

41.

A transaction when the agent bank (acting for the seller/exporter) in the buyer's country presents shipping documents to the buyer and asks him or her to pay for the shipment before the shipping documents are handed over to the buyer.

(a)  

42.

When a bank will not release shipping documents until a bill of exchange has been signed (accepted) by the person receiving the goods.

(a)  

43.

Term established by the international chamber of commerce indicating which price is being quoted to the customer.

(a)  

44.

Letter of credit that can only be cancelled with the agreement of the seller.

(a)  

45.

Amount taken off the usual selling price of goods when they are sold to a regular customer.

(a)  

46.

Price of goods without additional costs such as transport, insurance, and purchase tax.

(a)  

47.

Account in which a customer is given an agreed period of time, e.g. three months, to pay for goods.

(a)  

48.

Price given for work to be done or a service to be provided.

(a)  

49.

Invoice sent in advance of the goods ordered.

(a)  

50.

Payment of an account.

(a)  

51.

Terms the buyer and seller agree regarding discounts, methods of payment, shipment, and documentation.

(a)  

52.

Bill of exchange that must be paid on a particular date after goods have been sent.

(a)  

53.

List of amounts paid and owed sent by a suppler to a customer.

(a)  

54.

Money paid by an insurance company for damage, loss, or injury.

(a)  

55.

Document informing a customer of money owed for goods or services supplied.

(a)  

56.

Amount taken off the usual selling price of goods when they are sold by a manufacturer or wholesaler to a retailer.

(a)  

57.

Bill of exchange that must be paid immediately it is presented.

(a)  

58.

Company of which at least half the share capital is owned by a larger company, but which may trade under its own name.

(a)  

59.

Document required by customs to determine the true value of the imported goods, for assessment of duties and taxes.

(a)  

60.

A list of merchandise being transported, especially by ship, together with the conditions that apply to its transportation.

(a)  

61.

Document issued by an insurance company verifying the existence of insurance coverage under specific conditions granted to listed individuals.

(a)  

62.

Document showing where goods were made, which is used to prevent goods from outside coming into a free trade area or customs union without being taxed.

(a)  

63.

Document provides the exporter, forwarder, and consignee with information about the shipment, including how it's packed, the dimensions and weight of each package, and the marks and numbers the outside of the boxes.

(a)  

64.

Document which certifies the condition of a commodity (especially perishable goods) at the point of analysis or inspection, or prior to shipment.

(a)