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