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Unit 6 Incoterms Quiz

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Unit 6 Incoterms Quiz

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Question 1 of 5
1. Question
What is CPT?
- Cargo Paid Transportation
- Carriage Paid To
- Carriage Pressed True
- Cargo Processed Transported
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Question 2 of 5
2. Question
Which is the most Seller-friendly Incoterm?
- SSW
- CIP
- EXW
- FAS
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Question 3 of 5
3. Question
What is the difference between CIP and CPT?
- CIP requires the Seller to purchase insurance for the goods in transit
- CIP requires the Buyer to purchase insurance for the goods in transit
- CIP requires the Seller to pay for the goods to pass customs in the destination country
- CIP requires the Buyer to pay for the goods to pass customs in the destination country
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Question 4 of 5
4. Question
Under DPU what is the Buyer’s obligation?
- To bear the risk of goods in transit
- To pay for the goods in transit
- To unload the goods from the Seller’s warehouse
- To pay for costs to pass customs in the destination country
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Question 5 of 5
5. Question
Under FAS, when do the Seller’s responsibilities for the delivery cease?
- When the goods arrive in the destination country
- When the goods clear customs in the destination country
- When the goods are brought alongside the ship delivering the goods to the Buyer
- When the goods leave the Seller’s warehouse
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