When do we invoice if Incoterms 2010 are CIP (destination address)
Once goods are handed over to the first carrier or forwarder
Oops!
Check
Okay!
Check
15
Which is the only Incoterm that requires the seller to pay customs duty in the destination country?
DDP (Delivered Duty Paid)
Oops!
Check
Okay!
Check
15
Cheapest and best way of transporting heavy and bulky goods over a long distance.
Sea
Oops!
Check
Okay!
Check
15
A Shipment has been ordered from China, via maritime transportation using CPT Incoterm. What is NOT covered under CPT Incoterm?
Insurance
Oops!
Check
Okay!
Check
eraser
Reset score!
Oops!
seesaw
Swap points!
Okay!
rocket
Go to first place!
Okay!
lifesaver
Give 25 points!
Oops!
15
When the Incoterm is Ex-Works, the buyerâs nominated freight forwarder must arrange for the loading of the goods into the truck at the factory. In practice, the seller assists in this task.
True
Oops!
Check
Okay!
Check
15
If all the goods to be transported are accommodated in one single container, it is called.....
FCL (Full Container Load)
Oops!
Check
Okay!
Check
15
What are Incoterms 2010?
A set of internationally recognized contract terms that define buyer/seller's responsibilities when included in international contracts.
Oops!
Check
Okay!
Check
15
What is the meaning of Incoterm CPT?
Carriage Paid To
Oops!
Check
Okay!
Check
15
The seller delivers goods, cleared for export, to the buyer-designated carrier at a named location. This is used for any mode of transport. The seller must load goods onto the buyer's carrier
FCA (Free Carrier)
Oops!
Check
Okay!
Check
eraser
Reset score!
Oops!
seesaw
Swap points!
Okay!
shark
Other team loses 25 points!
Okay!
baam
Lose 15 points!
Oops!
15
Into how many major Categories, is INCOTERMS 2010 grouped?