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Incoterms

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

In EXW, Delivery point = Named place

a)

True

b)

False

2.

What terms of delivery is this?

a)

CIF

b)

CFR

c)

CIP

d)

FOB

3.

What are the possible delivery terms for multimodal transport?

a)

EXW, FCA, FOB, CPT, CIP, DAP, DPU, DDP

b)

EXW, FCA, CPT, CIP, DAP, DPU, DDP, CIF

c)

EXW, FCA, CPT, CIP, DAP, DPU, DDP

4.

The incoterm providing least responsibility to seller is

a)

DDP

b)

EXW

c)

FAS

d)

DPU

5.

........... is the only Incoterms that requires the seller to unload the goods from the means of transport at the point of destination.

a)

DDP

b)

DPU

c)

CIF

d)

CIP

6.

E & F terms under ICC Incoterms 2020 are assumed to be placed or to be delivered at where?

a)

Buyers’ Warehouse

b)

Country of Origin

c)

Country of Destination

7.

Adoption of incoterms is

a)

compulsory for all international contracts

b)

compulsory for all letter of credit transactions

c)

optional for the parties to the contract

d)

mandatory for transactions with Europe

8.

Incoterms cover

a)

force majeure or hardship

b)

ownership and transfer rights

c)

contracts of carriage

d)

rights and obligations of parties to contract of sales

e)

intellectual property rights

9.

The Incoterms® rules are a set of International Commercial Law

a)

TRUE

b)

FALSE

10.

"Minimum coverage" is the so-called Cargo ......

a)

Clause C

b)

Clause A

c)

Clause B