Incoterms EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

Incoterms EXAM COMPLETE
QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+

In CIF, seller must pay the costs and freight includes insurance to bring the goods

to...............; and risk is transferred to the buyer once the goods are loaded on the

ship at ...........




A. port of loading, port of loading

B. port of discharge, port of discharge

C. port of discharge, port of loading

D. port of loading, port of discharge - CORRECT ANSWER-C

An exporter sells goods overseas on FCA and CPT Incoterms 2010, respectively.

Who is responsible for the freight charges in each?

, A. FCA - importer/ CPT - exporter

B. FCA - importer/ CPT - importer

C. FCA - exporter/ CPT - importer

D. FCA - exporter/ CPT - exporter - CORRECT ANSWER-A

In Incoterms 2010, "delivery" is used to indicate the goods have arrived at the

buyer's premise.




A. True

B. False - CORRECT ANSWER-B

Under EXW Incoterms®2010 the seller must:




A. Clear the goods for export

B. Organize and pay for carriage of goods to country of import

C. Arrange for insurance of the goods in transit

D. Make the goods available at their warehouse - CORRECT ANSWER-D

In FCA, buyer must pay a cost from point of delivery including cost of export

duties.




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