Incoterm 2020_Tiff
Authored by Tiffany Khong
Professional Development
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Incoterms are published by?
International Chamber of Commerce (ICC)
International Chamber of Code (ICC)
Incoterm Chamber of Commerce (ICC)
International Chamber Commitee (ICC)
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Incoterms are subject to change every _ years?
3
5
8
10
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True or False? Incoterms stand for Inter-Company Commercial Terms.
True
False
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which incoterms has the condition wherein the buyer absorbs all the risk, insurance and cost?
EXW (Ex Works)
FCA (Free Carrier - Place)
FOB (Free On Board)
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In CFR Incoterm, the insurance is arranged by ______
Buyer
Seller
Freight Forwarder
6.
MULTIPLE SELECT QUESTION
20 sec • 2 pts
What is NOT covered under CPT (Carriage Paid To XX) Incoterm?
Packing
Transportation
Insurance
Loading at departure
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True or False. Incoterm® states when the seller’s costs and risks are transferred from the seller to the buyer.
True
False
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