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