INCOTERMS 2020

Which of the following INCOTERM does not cover freight charges from port of origin to port of destination?

• CPT

• DAP

• FAS

• DAT

The seller included in his quotation to the buyer loading of goods to vessel as well as expenses to cover risk against loss/damage to the goods during pendency of the voyage by sea.  B/L shows freight as “pre-paid” from port of Shanghai, China to port of Manila.

• CIF

• CPT

• CFR

• DAP

This INCOTERM includes loading of goods to carrying vessel, internal insurance, inland freight and export clearing charges at port of origin.

• CIF

• CFR

• CPT

• FOB

What INCOTERM is referred to when goods are made available by the seller at carrier’s warehouse not unloaded from the delivery truck, cleared for export but airfreight charges was paid by the importer upon arrival of goods.

• CPT

• CIP

• FCA

• FOB

Which of the following INCOTERMS is not considered as multimodal as far as transport from Port of exportation to Port of destination is concerned?

• FCA

• FAS

• CPT

• CIP

This INCOTERM requires the buyer/importer to pay ocean freight charges upon arrival of goods at Port of destination.

• DAP

• DPU

• FOB

• DDP

This INCOTERM require seller to pay for export clearing charges and ocean freight charges at port of origin.

• FOB

• FCA

• FAS

• DAP

This INCOTERM requires seller to include in his quotation the marine insurance premium and ocean freight charges.

• DPU

• DAT

• DDP

• CIF

This INCOTERM requires seller to deliver the goods to carrier’s warehouse not unloaded from delivery truck, air freight charges & port to port insurance were prepaid by seller.

• FCA

• DDP

• CIP

• CIF

This INCOTERM is exclusively used for sea transport only.  Ocean freight charges was prepaid at country of origin by seller but excluded marine insurance.

• FCA

• CFR

• CPT

• CIP