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WorksheetsIncoterms Multiple Choice Questions
Total questions: 70
Worksheet time: 35mins
What does EXW stand for?
Export Warehouse
Ex Works
Exit Way
Exclusive Warranty
Under which Incoterm does the seller bear the least responsibility?
CIF
FOB
EXW
DDP
Which Incoterm places the most responsibility on the seller?
EXW
DAP
DDP
FCA
Which Incoterm is appropriate only for sea or inland waterway transport?
FCA
CIP
FOB
DAP
In FOB, when does the risk transfer to the buyer?
At the buyer's warehouse
When goods are loaded on board
When goods leave the seller’s factory
Upon arrival at destination port
Who is responsible for unloading under DAP?
Seller
Buyer
Both
Freight Company
CIF includes which of the following?
Cost only
Cost and Freight
Cost, Insurance, and Freight
Freight and Duties
Under FCA, who loads the goods at the seller’s premises?
Buyer
Seller
Carrier
Customs
Which Incoterm is used when the seller pays freight and insurance?
FOB
CIF
CIP
DDP
What is the delivery point under EXW?
Port of departure
Seller's premises
Buyer's warehouse
Destination terminal
What does DAP stand for?
Delivered at Port
Delivery After Payment
Delivered at Place
Direct Access Point
What does DDP mean?
Delivery Duty Paid
Delivered During Process
Domestic Delivery Procedure
Duty Defined Price
Under CIP, who pays for transport and insurance?
Seller
Buyer
Carrier
Customs
Which Incoterm obligates the seller to deliver unloaded goods at destination?
CIF
DAP
DPU
EXW
Who clears export customs under FOB?
Seller
Buyer
Forwarder
Insurance agent
Which two Incoterms are insurance-inclusive by default?
A) CIP and CPT
B) CIF and CIP
C) CIF and DDP
D) EXW and FCA
In DPU, who is responsible for unloading?
Buyer
Seller
Freight company
Forwarder
Which Incoterm is best for containerized goods at the origin terminal?
FOB
FCA
CIF
EXW
When does the risk transfer under CPT?
Upon unloading
When goods are delivered to carrier
When goods arrive at destination
Upon payment
Which Incoterm means the buyer handles all logistics and costs?
EXW
DDP
CIP
CIF
What organization publishes the Incoterms rules?
WTO
ICC
IMF
ISO
What year is the latest edition of Incoterms?
2010
2015
2020
2023
Can Incoterms determine ownership?
Yes
No
Sometimes
Only in DDP
Which Incoterm is frequently misused in air freight?
CIP
CIF
FCA
EXW
What’s the main risk with CIF in containerized shipping?
Poor insurance
Ambiguous risk transfer
Higher duties
Slower transport
In which Incoterm does the seller not even load the goods?
DPU
FCA
EXW
DDP
What does FCA stand for?
Freight Cargo Agreement
Free Carrier
Final Contract Agreement
Freight Carrier Agent
What’s the key advantage of DDP for the buyer?
Buyer controls all transport
No customs duties to handle
Shared insurance
Seller inspects goods
Under CIF, who pays for insurance?
Buyer
Seller
Carrier
Freight forwarder
Under DAP, what is not included in the seller's responsibility?
Unloading
Delivery
Export clearance
Main carriage
What is the main goal of logistics?
Reducing staff
Managing ads
Efficient goods movement
Warehouse purchases
Which transport mode is fastest?
Rail
Air
Sea
Road
What document is used as proof of shipment for ocean freight?
Invoice
Airway Bill
Bill of Lading
Proforma Invoice
What is “last mile delivery”?
Transport from port to warehouse
Movement to final customer
Return shipping
Ocean freight only
Which mode is best for heavy bulk goods over long distances?
Air
Sea
Rail
Truck
What does SKU stand for?
Stock Keeping Unit
Shipping Key Unit
Strategic Key Unit
Storage Kiosk Unit
Which transport mode has the lowest CO₂ per ton-km?
Air
Sea
Road
Rail
What does a freight forwarder do?
Imports goods
Manufactures goods
Manages shipments & logistics
Runs customs offices
What’s the purpose of warehousing?
Shorten delivery time
Reduce handling
Buffer inventory
Increase tariffs
What is cross-docking?
Temporary storage
Breaking down bulk
Direct transfer to outbound trucks
Air transport process
What is lead time in logistics?
Warehouse processing
Time from order to delivery
Shipping time
Customs clearance
What is multimodal transport?
Shipping in multiple containers
Using more than one transport mode
Only domestic transport
Private logistics
Which mode is best for perishable goods?
Air
Rail
Road
Sea
A 40-ft container is common in which mode?
Sea
Rail
Road
Air
What is reverse logistics?
Product promotion
Delivery to retail
Returns and recycling
Warehousing
What is a bonded warehouse?
Used for urgent goods
Customs-controlled storage before clearance
Private warehouse
Temporary exhibition storage
What does “freight collect” mean?
Buyer pays freight at destination
Seller prepays freight
Freight is shared
Government subsidy
What is Just-In-Time logistics?
Overproduction strategy
Minimum inventory strategy
Heavy storage model
Product bundling
What is the advantage of air freight?
Low cost
Fast delivery
Heavy load
Large volume
What is the primary disadvantage of sea freight?
Slow
Expensive
Not scalable
Poor tracking
Which transport type is often used for landlocked countries?
Sea
Rail
Road
Air
What is a typical role of a customs broker?
Purchase goods
Track shipments
Process customs clearance
Sell insurance
What is a waybill?
Proof of tax
Shipping document
Insurance claim
Invoice
What does a 3PL provider do?
Produces goods
Delivers invoices
Provides logistics services
Handles payments
What is the term for consolidating many small shipments into one?
Bonding
Cross-docking
Freight consolidation
Reverse logistics
What type of warehouse is climate controlled?
Basic storage
Smart warehouse
Cold storage
Forwarding hub
Which transport method is most sensitive to fuel price?
Rail
Road
Sea
Air
Which software helps manage warehouse activities?
TMS
ERP
WMS
CRM
What document provides cargo details for customs?
Bill of Lading
Invoice
Packing List
Shipping Manifest
Why is containerization important?
Slows transport
Standardizes shipment
Reduces customs
Lowers taxes
Which document shows cargo ownership?
Invoice
Certificate of Origin
Bill of Lading
Packing List
Which party arranges main carriage in FOB?
Buyer
Seller
Forwarder
Customs
Which term best describes “goods moved only when needed”?
Bulk buying
JIT
Safety stock
Demand shift
What’s a key role of TMS software?
Plan and optimize transport
Calculate taxes
Manage production
Create invoices
What is a drawback of road transport?
Not flexible
Slow
Weather vulnerability
Fixed routes only
What does a freight contract define?
Legal ownership
Terms of transport
Insurance payout
Export pricing
Why use rail over road for bulk goods?
Higher CO2
More expensive
Better for long haul
Less reliable
What causes customs delay most often?
Fast freight
Bad weather
Incomplete documents
Excess packaging
Who is the consignee in logistics?
The buyer receiving the goods
The seller
The freight forwarder
Customs official
What is the main focus of supply chain integration?
Reducing trade laws
Improving product design
Synchronizing processes across firms
Maximizing advertising
