Question 1

Under the CFR Incoterm,if the pre-paid contract of carriage does not include the unloading of the ship,then the ____________________ must pay for it.

Accepted Answer

importer

Question 2

FOB is

Accepted Answer

A)  Free On Board. 
B)  an Incoterm that can be used for any merchandise. 
C)  an Incoterm specifically designed for ocean transportation. 
D)  All of the above 
E)  None of the above. 
A)  Free On Board. 
B)  an Incoterm that can be used for any merchandise. 
C)  an Incoterm specifically designed for ocean transportation. 
D)  All of the above 
E)  None of the above. D

Question 3

The CFR Incoterm means "Cost and Freight."

Accepted Answer

A) True 
 B)False  True

Question 4

Under the Free Carrier Incoterm,the exporter is responsible for clearing the merchandise for export.

Accepted Answer

A) True 
 B)False

Question 5

Under the DDP Incoterm,the importer usually takes control of the goods at the city where the exporter is located.

Accepted Answer

A) True 
 B)False

Question 6

Under Incoterms EXW,FCA,and FAS,the importer is the party responsible for loading the goods onto the carrier.

Accepted Answer

A) True 
 B)False

Question 7

A bill of lading or equivalent document (air waybill,sea waybill,multi-modal bill of lading)acts as proof of delivery under the CIP Incoterm.

Accepted Answer

A) True 
 B)False

Question 8

In a quote which includes multiple Incoterms,so that the customer can choose,the Incoterm that has the highest invoiced amount is

Accepted Answer

A)  EXW. 
B)  FCA. 
C)  DDP. 
D)  CIP. 
E)  None of the above 
A)  EXW. 
B)  FCA. 
C)  DDP. 
D)  CIP. 
E)  None of the above

Question 9

Use of Electronic Data Interchange (EDI)is still fairly new and limited to developed countries.

Accepted Answer

A) True 
 B)False

Question 10

The DAF Incoterm means "Deliver All Freight."

Accepted Answer

A) True 
 B)False

Question 11

An advantage of the Free Alongside Ship Incoterm is the thorough documentation of the receipt of goods at a port holding area or to the quay alongside the ship.

Accepted Answer

A) True 
 B)False

Question 12

The Incoterm FCA means

Accepted Answer

A)  Free Carrier. 
B)  From California. 
C)  For Countries Abroad. 
D)  Free Customs Administration. 
E)  None of the above. 
A)  Free Carrier. 
B)  From California. 
C)  For Countries Abroad. 
D)  Free Customs Administration. 
E)  None of the above.

Question 13

The choice of an Incoterm,as well as the choice of the method of payment and of other related transaction alternatives,constitute an exporter's ____________________ service strategy.

Accepted Answer

The answer of The choice of an Incoterm,as well as...

Question 14

Under the CIF Incoterm,the proof of delivery is an ocean bill of lading or a sea waybill.

Accepted Answer

A) True 
 B)False

Question 15

Under the DES Incoterm,the exporter is responsible for the goods until they are placed at the disposal of the importer at the ____________________ of destination.

Accepted Answer

The answer of Under the DES Incoterm,the exporter is responsible...

Question 16

Under the Delivered Duty Unpaid Incoterm,unloading costs are borne by the

Accepted Answer

A)  railroad. 
B)  ship line. 
C)  exporter. 
D)  harbor. 
E)  None of the above 
A)  railroad. 
B)  ship line. 
C)  exporter. 
D)  harbor. 
E)  None of the above

Question 17

The customer-focused exporter gives the importer a quote in which the importer can determine which ____________________ should govern the transaction.

Accepted Answer

The answer of The customer-focused exporter gives the importer a...

Question 18

Delivered at Frontier is an Incoterm designed specifically for

Accepted Answer

A)  ocean transportation. 
B)  land transportation. 
C)  air transportation. 
D)  barge transportation. 
E)  None of the above 
A)  ocean transportation. 
B)  land transportation. 
C)  air transportation. 
D)  barge transportation. 
E)  None of the above

Question 19

Under the Cost,Insurance,and Freight Incoterm,

Accepted Answer

A)  the exporter must pre-pay the insurance. 
B)  the insurance must total at least 110 percent of the value of the goods. 
C)  the exporter pays all shipping costs, except for inland freight. 
D)  All of the above 
E)  None of the above 
A)  the exporter must pre-pay the insurance. 
B)  the insurance must total at least 110 percent of the value of the goods. 
C)  the exporter pays all shipping costs, except for inland freight. 
D)  All of the above 
E)  None of the above

Question 20

Under the DAF Incoterm,the exporter is responsible for the costs of transportation from the border city to the final destination and for the costs of clearing customs.

Accepted Answer

A) True 
 B)False

Under the CFR Incoterm,if the pre-paid contract of carriage does not include the unloading of the ship,then the ____________________ must pay for it.

FOB is

The CFR Incoterm means "Cost and Freight."

Under the Free Carrier Incoterm,the exporter is responsible for clearing the merchandise for export.

Under the DDP Incoterm,the importer usually takes control of the goods at the city where the exporter is located.

Under Incoterms EXW,FCA,and FAS,the importer is the party responsible for loading the goods onto the carrier.

A bill of lading or equivalent document (air waybill,sea waybill,multi-modal bill of lading)acts as proof of delivery under the CIP Incoterm.

In a quote which includes multiple Incoterms,so that the customer can choose,the Incoterm that has the highest invoiced amount is

Use of Electronic Data Interchange (EDI)is still fairly new and limited to developed countries.

The DAF Incoterm means "Deliver All Freight."

An advantage of the Free Alongside Ship Incoterm is the thorough documentation of the receipt of goods at a port holding area or to the quay alongside the ship.

The Incoterm FCA means

The choice of an Incoterm,as well as the choice of the method of payment and of other related transaction alternatives,constitute an exporter's ____________________ service strategy.

Under the CIF Incoterm,the proof of delivery is an ocean bill of lading or a sea waybill.

Under the DES Incoterm,the exporter is responsible for the goods until they are placed at the disposal of the importer at the ____________________ of destination.

Under the Delivered Duty Unpaid Incoterm,unloading costs are borne by the

The customer-focused exporter gives the importer a quote in which the importer can determine which ____________________ should govern the transaction.

Delivered at Frontier is an Incoterm designed specifically for

Under the Cost,Insurance,and Freight Incoterm,

Under the DAF Incoterm,the exporter is responsible for the costs of transportation from the border city to the final destination and for the costs of clearing customs.

Introduction

International Supply Chain Management

International Logistics Infrastructure

Methods of Entry into Foreign Markets

International Contracts

Terms of Payment

Currency of Payment (Managing Transaction Risks)

International Commercial Documents

International Insurance

International Ocean Transportation

International Air Transportation

International Land and Multi-Modal Transportation

Packaging for Export

International Logistics Security

Customs Clearance

Using International Logistics for Strategic Advantage

Filters

Exam 6: Terms of Trade or Incoterms

Under the CFR Incoterm,if the pre-paid contract of carriage does not include the unloading of the ship,then the ____________________ must pay for it.

FOB is

The CFR Incoterm means "Cost and Freight."

Under the Free Carrier Incoterm,the exporter is responsible for clearing the merchandise for export.

Under the DDP Incoterm,the importer usually takes control of the goods at the city where the exporter is located.

Under Incoterms EXW,FCA,and FAS,the importer is the party responsible for loading the goods onto the carrier.

A bill of lading or equivalent document (air waybill,sea waybill,multi-modal bill of lading)acts as proof of delivery under the CIP Incoterm.

In a quote which includes multiple Incoterms,so that the customer can choose,the Incoterm that has the highest invoiced amount is

Use of Electronic Data Interchange (EDI)is still fairly new and limited to developed countries.

The DAF Incoterm means "Deliver All Freight."

An advantage of the Free Alongside Ship Incoterm is the thorough documentation of the receipt of goods at a port holding area or to the quay alongside the ship.

The Incoterm FCA means

The choice of an Incoterm,as well as the choice of the method of payment and of other related transaction alternatives,constitute an exporter's ____________________ service strategy.

Under the CIF Incoterm,the proof of delivery is an ocean bill of lading or a sea waybill.

Under the DES Incoterm,the exporter is responsible for the goods until they are placed at the disposal of the importer at the ____________________ of destination.

Under the Delivered Duty Unpaid Incoterm,unloading costs are borne by the

The customer-focused exporter gives the importer a quote in which the importer can determine which ____________________ should govern the transaction.

Delivered at Frontier is an Incoterm designed specifically for

Under the Cost,Insurance,and Freight Incoterm,

Under the DAF Incoterm,the exporter is responsible for the costs of transportation from the border city to the final destination and for the costs of clearing customs.

Introduction

International Supply Chain Management

International Logistics Infrastructure

Methods of Entry into Foreign Markets

International Contracts

Terms of Payment

Currency of Payment (Managing Transaction Risks)

International Commercial Documents

International Insurance

International Ocean Transportation

International Air Transportation

International Land and Multi-Modal Transportation

Packaging for Export

International Logistics Security

Customs Clearance

Using International Logistics for Strategic Advantage

Filters