Incoterms Pre -Test

In air freight, the chargeable weight is based on actual weight in kilograms or volumetric weight (dimensions) in kilogram, whichever is higher.

• True

• False

Cheapest and best way of transporting heavy and bulky goods over a long distance.

• Water

• Road

• Air

Who invented and patented the shipping container in 1956?

• Malcolm McLean

• Adam Hopkins

• Thomas Campbell

If all the goods to be transported are accommodated in one single container, it is called ___________.

• Full Container Load

• Less than Container Load

• Consolidated Load

A bonafide holder of a valid certificate of registration/professional identification card issued by the professional regulation commission (RA 9280).

• Licensed Customer Broker

• Licensed Sales Broker

• Licensed Property Broker

Which incoterms has the condition wherein the buyer absorbs all the risk, insurance and cost?

• EXW – Works

• FCA – Free Carriage

• FOB – Free on Board

What document is given prior to actual sale takes place?

• Proforma Invoice

• Expense Report

• Credit Invoice

What is the meaning of Incoterm CPT?

• Carriage Paid To

• Carriage Ported Towards

• Carriage Processed To

What is the meaning of Incoterm CIP?

• Cost and Insurance Paid To

• Cost and Interest Procured

• Carriage and Insurance Paid To

What is the meaning of Incoterm FAS?

• Free Alongside Ship

• Forward Along Shipment

• Free Allotted Ship