Incoterms Challenge for Supply Chains

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Mindful Incoterms quiz

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rasha faraj

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Incoterms Challenge for Supply Chains


Froggy Jumps Incoterms Challenge for Supply ChainsVersión en línea Mindful Incoterms quiz por rasha faraj 1 Which Incoterms rule places the seller's cost and risk transfer at the goods being loaded on board the vessel? a CIF – Cost, Insurance and Freight b FOB – Free On Board c EXW – Ex Works 2 Under CIP, who is responsible for arranging insurance and its coverage? a The buyer b The seller c Both buyer and seller jointly 3 Which Incoterms require the seller to clear goods for export but not import? a DDP, DAP b EXW, FCA c FCA, FOB, CFR, CIF (export clearance only) 4 Which Incoterm places the maximum obligation on the buyer? a DAP – Delivered At Place b FOB – Free On Board c DDP – Delivered Duty Paid 5 In CIF, who bears the risk of loss once the goods are on board the vessel? a The buyer from shipment risk transfer point b The seller until delivery at destination c The carrier at loading 6 Which Incoterm is commonly used for containerized shipments by sea and includes cost insurance and freight? a DAP b FCA c CIF 7 Under EXW, who bears most responsibility and risk? a The seller b The buyer c Both equally 8 Which term requires the seller to deliver the goods to a named place and bear all risks until there? a CPT – Carriage Paid To b FAS – Free Alongside Ship c DAP – Delivered At Place 9 Which Incoterms are named for air shipments and where the seller's obligation ends at the airport? a FAS for air b FOB for air c DAP/DDP are for all modes; commonly uses FCA for air at origin 10 What does FCA require regarding the buyer's chosen carrier? a Place goods at seller's named place for pickup by buyer’s carrier b Deliver to buyer's premises c Deliver to port of destination

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Incoterms Challenge for Supply Chains

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Incoterms Challenge for Supply ChainsVersión en línea

por rasha faraj

Which Incoterms rule places the seller's cost and risk transfer at the goods being loaded on board the vessel?

Under CIP, who is responsible for arranging insurance and its coverage?

Which Incoterms require the seller to clear goods for export but not import?

Which Incoterm places the maximum obligation on the buyer?

In CIF, who bears the risk of loss once the goods are on board the vessel?

Which Incoterm is commonly used for containerized shipments by sea and includes cost insurance and freight?

Under EXW, who bears most responsibility and risk?

Which term requires the seller to deliver the goods to a named place and bear all risks until there?

Which Incoterms are named for air shipments and where the seller's obligation ends at the airport?

What does FCA require regarding the buyer's chosen carrier?