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