Incoterms Exam Questions and
Answers 100% PASS
what are Incoterms? - CORRECT ANSWER-International Commercial Terms,
predefined by the International Chamber of Commerce (ICC)
Incoterm rule is a term of the contract of sale (not for the contract of carriage)
They tell the party what to do in respect to carriage of the goods from seller to
buyer, & export, import, and security-related clearance
First published in 1936
Obligations covered by Incoterms - CORRECT ANSWER-1. Place of delivery of
the goods
2. Who should clear customs of the goods for export and import
3. Who should pay for the loading, transportation and unloading costs
,4. The point where the transfer of risks and the allocation (division) of costs take
place between seller and buyer
5. Who must obtain certain documents and provide them to the other party
6. The packaging required for delivery
7. The obligation of the buyer to take delivery
8. The obligation (exceptional) to take out an insurance (CIF/CIP)
Issues not covered by Incoterms - CORRECT ANSWER-1. Quantity and quality
of goods
2. Price the buyer should pay for the goods
3. Transfer of property rights, say when the transfer of property from seller to
buyer takes place
4. The retention of title clause
Incoterms not used after 2000 - CORRECT ANSWER-DAF - Delivery at Frontier
DES - Delivery Ex Ship
DEQ - Delivery Ex Quay
DDU - Delivery Duty Unpaid
11 Incoterms 2010 and their groups - CORRECT ANSWER-*Group I*: Any
mode of transport. May be chosen for maritime transport and should be chosen
for wholly or partly non-maritime transport
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, - EXW, Ex Works
- FCA, Free carrier
- CPT, Carriage paid to
- CIP, Carriage and insurance paid to
- DAT, Delivery at terminal
- DAP, Delivery at place
- DDP, Delivery duty paid
*Group II*: Sea and Inland waterway transport
- FAS, Free alongside ship
- FOB, Free on board
- CFR, Cost and freight
- CIF, Cost, insurance, and freight
Incoterms only for sea and inland waterway transport - CORRECT ANSWER-
FAS
FOB
CFR
CIF
Answers 100% PASS
what are Incoterms? - CORRECT ANSWER-International Commercial Terms,
predefined by the International Chamber of Commerce (ICC)
Incoterm rule is a term of the contract of sale (not for the contract of carriage)
They tell the party what to do in respect to carriage of the goods from seller to
buyer, & export, import, and security-related clearance
First published in 1936
Obligations covered by Incoterms - CORRECT ANSWER-1. Place of delivery of
the goods
2. Who should clear customs of the goods for export and import
3. Who should pay for the loading, transportation and unloading costs
,4. The point where the transfer of risks and the allocation (division) of costs take
place between seller and buyer
5. Who must obtain certain documents and provide them to the other party
6. The packaging required for delivery
7. The obligation of the buyer to take delivery
8. The obligation (exceptional) to take out an insurance (CIF/CIP)
Issues not covered by Incoterms - CORRECT ANSWER-1. Quantity and quality
of goods
2. Price the buyer should pay for the goods
3. Transfer of property rights, say when the transfer of property from seller to
buyer takes place
4. The retention of title clause
Incoterms not used after 2000 - CORRECT ANSWER-DAF - Delivery at Frontier
DES - Delivery Ex Ship
DEQ - Delivery Ex Quay
DDU - Delivery Duty Unpaid
11 Incoterms 2010 and their groups - CORRECT ANSWER-*Group I*: Any
mode of transport. May be chosen for maritime transport and should be chosen
for wholly or partly non-maritime transport
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
, - EXW, Ex Works
- FCA, Free carrier
- CPT, Carriage paid to
- CIP, Carriage and insurance paid to
- DAT, Delivery at terminal
- DAP, Delivery at place
- DDP, Delivery duty paid
*Group II*: Sea and Inland waterway transport
- FAS, Free alongside ship
- FOB, Free on board
- CFR, Cost and freight
- CIF, Cost, insurance, and freight
Incoterms only for sea and inland waterway transport - CORRECT ANSWER-
FAS
FOB
CFR
CIF
