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