INCOTERMS Exam Rated A+
CPT - Answer- Carrier Paid To
INCO TERMS STAND FOR - Answer- International Commerce Terms
Pre-Carriage - Answer- the domestic transportation in the exporting country
Main Carriage - Answer- the international transportation between the exporting country
and importing country
On-Carriage - Answer- the domestic transportation in the importing country
Incoterms reflect - Answer- the way shipping is conducted
Incoterms define - Answer- which tasks will be performed by the exporter,
which tasks will be performed by the importer,
which activities will be paid by the exporter, which activities will be paid by the importer,
the exact point at which the responsibility for the goods transfers from the exporter to
the importer
any means of transportation includes (4) - Answer- ocean, road, air, train
In a contract for sale between a seller and buyer Incoterms do not cover - Answer- title
of transfer, payment terms, remedies for breach of contract, any other non-delivery
related clause in a comprehensive sales contract
Each Incoterms rule has: (6) - Answer- 1. scope 2. modality 3. syntax 4. responsibility of
exporter 5. responsibility of importer 6. specific transfer point at which the
responsibilities for the goods shift from the exporter to the importer
F-Category - Answer- the seller's transportation expenses are limited to those costs
incurred in the country of export
inland freight or loading on board a vessel would be which terms (letter) - Answer- F
C-Category - Answer- the seller is obliged to assume transportation costs up to a
named port or place at destination
C Terms Important Note - Answer- the physical point in the supply chain where the shift
of risk of loss or damage to the goods is completed and responsibility for shipping costs
ends is not in the same place
F Terms (3) - Answer- FCA, FAS, FOB
, C Terms (4) - Answer- CFR, CIF, CPT, CIP
Arrival Contracts - Answer- D terms-the seller is responsible for risk or loss or damage
to the goods up to a named point at destination and must always pay transportation
costs up to that named point
D Terms - Answer- DAT, DAP, DDP
DAP - Answer- delivered at place
SCOPE OF DAP - Answer- can be used for any type of product
MODALITY OF DAP - Answer- can be used for any mode of transportation
_______ [Address in the City of Destination Where Goods are Delivered], Incoterms
2010 - Answer- DAP
RESPONSIBILITIES OF THE EXPORTER WITH DAP - Answer- the exporter must
package the goods for international voyage, provide the importer with the documents
necessary to clear Customs in the importing country, as well as arrange and pay for
pre-carriage, main-carriage, and on-carriage to the city of destination
POINT AT WHICH THE RESPONSIBILITY OF THE GOODS SWITCH FROM THE
EXPORTER TO THE IMPORTER WITH DAP - Answer- when the exporter delivers the
good to the place of delivery, still loaded on the mode of transportation
DAP IS MEANT TO REPLACE - Answer- DDU (DELIVERY DUTY UNPAID)
UNDER THE DAP INCOTERM RULE, - Answer- the exporter and importer generally
agree to use a location in the importing country, or in the exporting country, or one in a
country through which the goods will transit
WITH DAP THE EXPORTER/IMPORTER GENERALLY AGREE ON LOCATION IN
THE - Answer- importing country
DDP - Answer- delivery duty paid
SCOPE OF DDP - Answer- can be used for any type of product
MODALITY OF DDP - Answer- can be used for any mode of transportation
________[Address in the City of Destination where goods are delivered], Incoterms
2010 (4) - Answer- DDP, CPT, CIP, DAP
RESPONSIBILITIES OF THE EXPORTER WITH DDP - Answer- The exporter must
package the good for the international voyage, arrange and pay for the pre-carriage,
CPT - Answer- Carrier Paid To
INCO TERMS STAND FOR - Answer- International Commerce Terms
Pre-Carriage - Answer- the domestic transportation in the exporting country
Main Carriage - Answer- the international transportation between the exporting country
and importing country
On-Carriage - Answer- the domestic transportation in the importing country
Incoterms reflect - Answer- the way shipping is conducted
Incoterms define - Answer- which tasks will be performed by the exporter,
which tasks will be performed by the importer,
which activities will be paid by the exporter, which activities will be paid by the importer,
the exact point at which the responsibility for the goods transfers from the exporter to
the importer
any means of transportation includes (4) - Answer- ocean, road, air, train
In a contract for sale between a seller and buyer Incoterms do not cover - Answer- title
of transfer, payment terms, remedies for breach of contract, any other non-delivery
related clause in a comprehensive sales contract
Each Incoterms rule has: (6) - Answer- 1. scope 2. modality 3. syntax 4. responsibility of
exporter 5. responsibility of importer 6. specific transfer point at which the
responsibilities for the goods shift from the exporter to the importer
F-Category - Answer- the seller's transportation expenses are limited to those costs
incurred in the country of export
inland freight or loading on board a vessel would be which terms (letter) - Answer- F
C-Category - Answer- the seller is obliged to assume transportation costs up to a
named port or place at destination
C Terms Important Note - Answer- the physical point in the supply chain where the shift
of risk of loss or damage to the goods is completed and responsibility for shipping costs
ends is not in the same place
F Terms (3) - Answer- FCA, FAS, FOB
, C Terms (4) - Answer- CFR, CIF, CPT, CIP
Arrival Contracts - Answer- D terms-the seller is responsible for risk or loss or damage
to the goods up to a named point at destination and must always pay transportation
costs up to that named point
D Terms - Answer- DAT, DAP, DDP
DAP - Answer- delivered at place
SCOPE OF DAP - Answer- can be used for any type of product
MODALITY OF DAP - Answer- can be used for any mode of transportation
_______ [Address in the City of Destination Where Goods are Delivered], Incoterms
2010 - Answer- DAP
RESPONSIBILITIES OF THE EXPORTER WITH DAP - Answer- the exporter must
package the goods for international voyage, provide the importer with the documents
necessary to clear Customs in the importing country, as well as arrange and pay for
pre-carriage, main-carriage, and on-carriage to the city of destination
POINT AT WHICH THE RESPONSIBILITY OF THE GOODS SWITCH FROM THE
EXPORTER TO THE IMPORTER WITH DAP - Answer- when the exporter delivers the
good to the place of delivery, still loaded on the mode of transportation
DAP IS MEANT TO REPLACE - Answer- DDU (DELIVERY DUTY UNPAID)
UNDER THE DAP INCOTERM RULE, - Answer- the exporter and importer generally
agree to use a location in the importing country, or in the exporting country, or one in a
country through which the goods will transit
WITH DAP THE EXPORTER/IMPORTER GENERALLY AGREE ON LOCATION IN
THE - Answer- importing country
DDP - Answer- delivery duty paid
SCOPE OF DDP - Answer- can be used for any type of product
MODALITY OF DDP - Answer- can be used for any mode of transportation
________[Address in the City of Destination where goods are delivered], Incoterms
2010 (4) - Answer- DDP, CPT, CIP, DAP
RESPONSIBILITIES OF THE EXPORTER WITH DDP - Answer- The exporter must
package the good for the international voyage, arrange and pay for the pre-carriage,
