Incoterms

Which incoterm places minimum responsibility on the seller?

• Free On Board (FOB)

• Ex works (EXW)

• Delivery Duty Paid (DDP)

• Delivered at place (DAP)

Which incoterm is used only to refer to goods transported by ship?

• Free On Board (FOB)

• Free Alongside Ship (FAS)

• Cost and freight (CFR)

• all of the above

Cost, insurance and freight (CIF) can be used for ______

• Inland transportation

• Maritime transportation

• Air transportation

• Any mode of transport

What are the Incoterms?

• International Commercial Terms

• International Correction Terms

• International Corporation Terms

• None of the above

_______ means the seller is responsible for the goods until they are loaded. The seller must pay all costs related to getting the goods to port and onto vessel

• COST & FREIGHT (CFR)

• FREE ON BOARD (FOB)

• DELIVERY AT PLACE UNLOADED (DPU)

• FREE ALONGSIDE SHIPS (FAS)

__________ means the price includes the cost of goods, insurance and transportation to the destination port.

• COST AND FREIGHT (CFR)

• COST INSURANCE FREIGHT (CIF)

• CARRIAGE AND INSURANCE PAID TO (CIP)

• DELIVERY DUTY PAID (DDP)

_________ places the maximum obligation on the seller, and is the only rule thath requires the seller to take responsability for import clearance.

• Carriage Paid to (CPT)

• Free Carrier (FCA)

• Delivered at Place Unloaded (DPU)

• Delivered Duty Paid (DDP)

Carriage paid to (CPT) can be used for ___________

• Maritime transportation

• Any mode of transport

• Inland transportation

• Air transportation

____________ means that the seller is responsible for arranging carriage and delivering the goods at named place, cleared for import and all applicable taxes and duties paid.

• Delivered at place (DAP)

• Carriage and insurance paid to (CIP)

• Delivered Duty Paid (DDP)

• Carriage paid to (CPT)

• Ex works (EXW)

_________ means that the seller is required to arrange for the carriage of goods by sea to a port of destination. Also, the seller is not responsible for the cargo during transportation.

• CFR

• FAS

• FCA

• CIF

• CPT