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WorksheetsQuiz on Incoterms 2020
Total questions: 27
Worksheet time: 41mins
Where is the delivery to be made?
Who pays the freight charges of goods?
Who pays the insurance of goods?
A shipment of beauty products shows ex-factory price of $12,000.00 exclusive of origin other charges of $900.00. How much is the EXW value?
(a)
A shipment of beauty products shows ex-factory price of $12,000.00. The seller paid of origin other charges of $900.00. How much is the FCA value?
(a)
A shipment of automobile parts shows ex-factory price of $12,000.00. The seller paid origin other charges of $900.00 and freight charges of $1,200.00. How much is the CPT value?
(a)
How much is the CPT value?
A shipment of automobile parts shows ex-factory price of $12,000.00. The seller paid origin other charges of $900.00 and freight charges of $1,200.00 and port-to-port insurance of $180.00. How much is the CIP value?
A shipment of bulk cargo shows ex-factory price of $12,000.00. The seller paid origin other charges of $900.00. How much is the FAS value?
A shipment of 2 x 20' vans STC fish fillets show an ex-works price of $25,000.00. The seller paid origin other charges of $900.00. How much is the FOB value?
A shipment of 2 x 20' vans STC fish fillets show an ex-works price of $25,000.00. The seller paid origin other charges of $900.00 and freight charges of $1,600. How much is the CFR value?
A shipment of 2 x 20' vans STC fish fillets show an ex-works price of $25,000.00. The seller paid origin other charges of $900.00 and freight charges of $1,600 and marine insurance of $310.00. How much is the CIF value?
A shipment of 1 x 20' van STC Pharmaceutical products shows an FOB value of $18,500.00. The seller paid freight charges of $1,500.00, destination LCL charges of $125.00, destination freight and insurance of $95.00 and $50.00 respectively. How much is the DAP value?
A shipment of 1 x 20' van STC Pharmaceutical products shows an FOB value of $18,500.00. The seller paid freight charges of $1,500.00, destination LCL charges of $125.00, destination freight and insurance of $95.00 and $50.00 respectively. The seller also paid $20.00 for the destination unloading charges. How much is the DPU value?
(a)
A shipment of 1 x 20' van STC Pharmaceutical products shows an FOB value of $18,500.00. The seller paid freight charges of $1,500.00, destination LCL charges of $125.00, destination freight and insurance of $95.00 and $50.00 respectively. The seller also paid $80.00 for the import documentation and import duties and taxes of $1,200. How much is the DDP value?
(a)
The seller in Busan, South Korea agreed to make available the goods in his warehouse per agreement with the buyer in Mandaue City, Philippines. The seller did NOT pay the freight charges and insurance cost. What incoterm is being used?
(a)
A seller in Japan delivered the 1 x 20’ van on board the vessel in Port of Nagoya. The seller paid freight charges and marine insurance. The buyer is in Cebu, Philippines.
(a)
A seller in Belgium delivered the 2 x 40’ vans on the custody of carrier in Brussels, Belgium. The buyer paid freight charges and marine insurance. The buyer is in Manila, Philippines.
(a)
The seller in Tokyo, Japan was instructed by the buyer in Cebu, Philippines to deliver the goods alongside the vessel at the port in Tokyo. The seller did NOT pay the freight charges and insurance.
(a)
The seller in Penang, Malaysia agreed to deliver the goods to Malaysia Airlines per agreement with the buyer in Manila, Philippines. The seller paid the freight charges and insurance cost.
(a)
The buyer in Thailand instructed the seller in Mandaue, Philippines to deliver the goods in his warehouse at Phuket. The seller paid the freight charges but did NOT pay the import duties, and taxes and, destination unloading charges at the buyer’s warehouse.
(a)
The seller in Milan, Italy was instructed by the buyer in Mandaluyong, Philippines to deliver the goods to the buyer’s warehouse in Mandaluyong City. The seller paid the freight charges, destination terminal charges, destination inland freight and insurance costs and destination unloading charges upon arrival at the warehouse.
The seller in Auckland, New Zealand was instructed by the buyer in Davao, Philippines to deliver the goods on board the vessel at the Port of Auckland. The seller only paid the freight charges.
(a)
The buyer in Beijing, China instructed the seller in Manila, Philippines to deliver the goods on board the vessel at the Port of Manila. The seller agreed NOT to pay the freight charges and insurance cost.
(a)
The seller in Singapore, Singapore agreed to make available the goods in his warehouse per agreement with the buyer in Talisay City, Philippines. The seller did NOT pay the freight charges and insurance cost.
(a)
The seller in Quezon City agreed to handover the goods to a freight forwarding firm in Makati City as instructed by the buyer in Klang, Malaysia. However, the seller did NOT pay the freight charges and insurance cost.
(a)
The buyer in Naga, Cebu instructed the seller in Jakarta, Indonesia to deliver the goods to his warehouse located in Mandaue City. The seller paid the freight charges and import duties and taxes including documentation and clearance.
(a)
