A) Imported Cargo Terms B) International Commercial Terms C) International Contract Terms D) Incoming Commercial Terms
A) International Cargo Corporation B) International Commercial Council C) International Chamber of Commerce D) Import and Customs Commission
A) Incoterms 2010 B) Incoterms 2020 C) Incoterms 2023 D) Incoterms 2015
A) 8 B) 12 C) 10 D) 11
A) On-Carriage B) Destination Carriage C) Main Carriage D) Pre-Carriage
A) Carrier pays the freight costs B) Freight is split equally between buyer and seller C) Seller pays freight before departure and includes it in invoice price D) Buyer pays freight upon arrival
A) Freight Pre-Paid B) Freight Advanced C) Freight Collect D) Freight Included
A) Transport from seller's warehouse to port B) Transport from port of discharge to buyer's warehouse C) Transport from origin port to destination port D) Delivery within the seller's premises
A) Incoterms 2020 B) Incoterms 2010 C) Incoterms 2000 D) Incoterms 2015
A) Goods can be transported by multiple modes including air, sea, road, rail B) Goods are transported only by sea C) Goods are transported only by air D) More than one carrier is used
A) Group III B) Group IV C) Group I D) Group II
A) Main carriage collect — buyer pays freight B) Main carriage pre-paid by seller C) Delivery at buyer's premises D) Insurance always included
A) DAP, DPU, DDP B) DAP, DCP, DDP C) DAT, DAP, DDP D) DPU, DPA, DDP
A) FCA, CPT, CIP, DAP, DPU, DDP B) All 11 Incoterms C) EXW, FCA, CPT, CIP, DAP, DPU, DDP D) FAS, FOB, CFR, CIF
A) FAS, FOB, CFR, CIF B) Only EXW and DDP C) Only the D-group terms D) EXW, FCA, CPT, CIP, DAP, DPU, DDP
A) Group IV — DAP B) Group I — EXW C) Group III — CFR D) Group II — FCA
A) CPT and CFR B) DAP and DDP C) FOB and FCA D) CIF and CIP
A) FCA, FAS, FOB, EXW B) CPT, CFR, CIF, CIP C) DAP, DPU, DDP D) CPT, CIP, DAP
A) Ex Works B) Export Work C) Ex Warehouse D) Exit Warehouse
A) At seller's warehouse, factory, or premises B) At the buyer's warehouse C) At the port of shipment D) At the destination country border
A) Carrier B) Buyer C) Forwarder D) Seller
A) EXW = FOB + O/C B) EXW = CFR + FRT C) EXW = FOB − O/C D) FOB = EXW − O/C
A) Customs broker B) Seller C) Carrier D) Buyer
A) Free Carrier B) Free On Arrival C) C. Freight Collect Arrangement D) Forward Cargo Arrival
A) FCA = EXW − O/C B) FCA = CFR + INS C) FCA = EXW + O/C D) FCA = CIF + FRT
A) When goods arrive at destination B) When goods are handed over to the carrier C) When goods are loaded on the vessel D) When goods leave seller's warehouse
A) Free At Ship B) Freight Alongside Side C) Forwarded At Ship D) Free Alongside Ship
A) Alongside the vessel on the quay or in lighters B) On board the vessel C) To the carrier's warehouse D) To the buyer's warehouse
A) Free On Board B) Freight On Board C) Forward On Board D) Free Over Board
A) Loaded on board the carrying vessel B) Cleared for export C) Delivered to the port gate D) Alongside the vessel
A) Because they use different currencies B) Because insurance requirements differ C) Because they apply to different countries D) Because their "Other Charges (O/C)" differ based on delivery point
A) Rail transport B) Air transport C) Sea/maritime transport D) Road transport
A) Cost Paid To B) Carriage Paid Through C) Cost Per Term D) Carriage Paid To
A) Cost Insurance Paid B) Carriage Inclusive Premium C) Carriage and Insurance Paid To D) Cargo Insurance Policy
A) CPT = EXW + INS B) CPT = FCA + FRT C) CPT = FOB + FRT D) CPT = CIF − O/C
A) CIP = CPT − INS B) CIP = CFR + INS C) CIP = FOB + FRT D) CIP = CPT + INS
A) Carriage Freight Rate B) Cost For Resale C) Cargo Freight Rate D) A. Cost and Freight
A) CFR = CIF + INS B) A. CFR = FOB + FRT C) CFR = EXW + O/C D) CFR = FCA + FRT
A) Cargo Insurance and Freight B) Cost Inclusive Freight C) Carriage Insurance Freight D) Cost Insurance and Freight
A) CIF = CPT + INS B) CIF = FOB + FRT + INS C) CIF = EXW + FRT D) CIF = CFR − INS
A) Insurance only B) Both freight and insurance C) Neither freight nor insurance D) Freight only
A) Delivery At Port B) Delivered At Place C) Destination Arrival Point D) Delivered After Payment
A) Delivered At Place Unloaded B) Delivery Point Unpacked C) Destination Port Unloaded D) Delivered Port Unloading
A) DPU means goods are delivered unloaded at destination B) DDP means buyer pays all duties C) DAP includes unloading at destination D) D-terms are only for sea transport
A) They are deducted from the EXW value B) They are excluded from customs value C) They are deemed already included in the FOB value D) They are added as a separate tax
A) Port-to-port insurance only B) Incidental expenses like export docs, inland freight, duties, and inspection fees C) Main carriage freight only D) Import duties and taxes at destination
A) Insurance is always optional for both parties B) CIF and CIP are the only terms where seller includes insurance in the invoice C) All C-terms include insurance D) Buyer never needs insurance under any term
A) DDP includes main carriage B) DDP includes payment of import duties and taxes by the seller C) DDP includes port-to-port insurance D) DDP is for sea transport only
A) FOB B) CFR C) FAS D) CPT |