Incoterms

In EXW, Delivery point = Named place

• True

• False

What terms of delivery is this?

• CIF

• CFR

• CIP

• FOB

What are the possible delivery terms for multimodal transport?

• EXW, FCA, FOB, CPT, CIP, DAP, DPU, DDP

• EXW, FCA, CPT, CIP, DAP, DPU, DDP, CIF

• EXW, FCA, CPT, CIP, DAP, DPU, DDP

The incoterm providing least responsibility to seller is

• DDP

• EXW

• FAS

• DPU

........... is the only Incoterms that requires the seller to unload the goods from the means of transport at the point of destination.

• DDP

• DPU

• CIF

• CIP

E & F terms under ICC Incoterms 2020 are assumed to be placed or to be delivered at where?

• Buyers’ Warehouse

• Country of Origin

• Country of Destination

Adoption of incoterms is

• compulsory for all international contracts

• compulsory for all letter of credit transactions

• optional for the parties to the contract

• mandatory for transactions with Europe

Incoterms cover

• force majeure or hardship

• ownership and transfer rights

• contracts of carriage

• rights and obligations of parties to contract of sales

• intellectual property rights

The Incoterms® rules are a set of International Commercial Law

• TRUE

• FALSE

"Minimum coverage" is the so-called Cargo ......

• Clause C

• Clause A

• Clause B