Incoterms Quiz

When were the first rules of Incoterms published?

• 1936

• 1953

• 1966

• 1947

How many rules are defined in Incoterms 2020?

• 10

• 11

• 12

• 15

What is the cheapest and best way of transporting heavy goods over a long distance?

• Land

• Air

• Sea

According to which Incoterm rule the Seller must clear the goods for export?

• EXW

• CPT

• FAS

• CIF

What is not covered by Incoterms?

• Ownership of the goods

• Obligations of the parties

• Disputes Resolution

• Risks and responsibility in case of damage

• Point of Destination

Which is/are the most commonly used Incoterm rule(s)?

• FAS

• CIF

• FOB

• CPT

What is clarified basically by Incoterms?

• The ownership of goods.

• The point of destination of the goods.

• The responsibility for the risks that may arise.

• The obligations of the parties under the contract.

According to which Incoterm rule the buyer bears all the risk, insurance and cost?

• FCA

• CFR

• CIP

• EXW

• FAS

What is the meaning of Incoterm CIP?

• Cost & Insurance Paid To

• Carrier & Insurance Paid To

• Carriage & Insurance Paid To

Which Incoterm rule is most favorable to the Seller?

• DPU

• CFR

• EXW

• FCA

• DDP