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