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Incoterms Mastery Quiz

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Incoterms Mastery Quiz

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About this activity

Test your knowledge on Incoterms basics.

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Edinson stiven Prada mora
Edinson stiven Prada mora
Colombia

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Incoterms Mastery Quiz
 

Incoterms Mastery QuizOnline version

Test your knowledge on Incoterms basics.

by Edinson stiven Prada mora
1

EXW stands for Ex Works and is an Incoterm.

2

In FCA, the seller is responsible for import duties.

3

Incoterms define responsibilities for costs and risks in international trade.

4

CIP requires no insurance on the cargo.

5

In FOB, risk transfers after the goods are unloaded at destination.

6

The latest edition of Incoterms as of 2020 is the 2020 edition.

7

Delivered Duty Paid (DDP) is an Incoterm where the seller bears all costs and risks including import duties.

8

Incoterms determine who arranges and pays for transport, insurance, and customs clearance.

9

DAP requires the seller to pay import duties.

10

Incoterms are only used for sea freight.

 
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