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