International Payment - Group 3

Which Incoterm requires the seller to deliver the goods to a named place, taking care of export customs formalities but not import customs clearance?

• CPT

• DDP

• FCA

• DAP

Which is not the mistake that buyers and sellers make ?

• 1. dont give the specific location

• using fob incoterms for containerized cargo

• matching the wrong incoterms with bank security requirements

• using the wrong incoterms for the chosen mode of transport

• 1. using fca, cpt and cip incoterms for containerized cargo

International transportation costs can vary significantly depending on… and …

• risk & price

• lane & mode

• language & mode

• distance & risk

Which Incoterm is most commonly used for containerized shipments that involve multiple modes of transport?

• CIF

• DPU

• FCA

• CIP

A Licensed Customs Broker is the least useful tool to prevent common mistakes from ever occurring. True or False?

• True

• False

Which Incoterm requires the seller to deliver the goods to a named place of destination but does not include unloading at the final destination?

• CFR

• CIP

• DAP

• FCA

Which term defines the seller's delivery responsibility before the buyer takes over?

• Cost

• Risk

• Carriage

• All of them

Which Incoterm places the responsibility for loading the goods onto the main carriage on the seller?

• FOB

• DPU

• CIF

• EXW

When did International Chamber of Commerce actually create Incoterms ?

• 1973

• 1937

• 1963

• 1936

Base on method of transportation, which incoterms are suitable for sea and inland water transport ?

• FAS, FOB, CFR, CPT

• FAS, FOB, CFR, CIF

• EXW, FOB, CFR, ĐP

• FAS, CIP, EXR, CPT