Incoterms Quiz: Terms, Costs & Risks

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Incoterms basics

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Valeria

Mexico

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Incoterms Quiz: Terms, Costs & RisksOnline version Incoterms basics by Valeria 1 DDP means the buyer is responsible for paying import duties. Yes No 2 FCA means delivery occurs when the goods are handed over to the carrier at a named place. Yes No 3 FOB requires the seller to deliver the goods on board the vessel at the named port. Yes No 4 DDP places the maximum obligation on the seller, who must clear goods for import and pay duties. Yes No 5 CIF involves the seller paying freight and minimum insurance to the named destination port. Yes No 6 EXW makes the seller responsible for export clearance. Yes No 7 FAS requires delivery when the goods are placed on board the ship. Yes No 8 Incoterms specify who bears costs, risks, and responsibilities for transport and delivery. Yes No 9 Incoterms also determine payment methods like letters of credit. Yes No 10 CIP allows the buyer to insure the goods for any loss; the seller has no obligation to arrange insurance. Yes No

Incoterms Quiz: Terms, Costs & RisksOnline version

Incoterms basics

by Valeria

DDP means the buyer is responsible for paying import duties.

Yes

FCA means delivery occurs when the goods are handed over to the carrier at a named place.

Yes

FOB requires the seller to deliver the goods on board the vessel at the named port.

Yes

DDP places the maximum obligation on the seller, who must clear goods for import and pay duties.

Yes

CIF involves the seller paying freight and minimum insurance to the named destination port.

Yes

EXW makes the seller responsible for export clearance.

Yes

FAS requires delivery when the goods are placed on board the ship.

Yes

Incoterms specify who bears costs, risks, and responsibilities for transport and delivery.

Yes

Incoterms also determine payment methods like letters of credit.

Yes

CIP allows the buyer to insure the goods for any loss; the seller has no obligation to arrange insurance.

Yes

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Incoterms Quiz: Terms, Costs & Risks

Yes or No

About this activity

Created by

Download the paper version to play

Top Games

Yes or No

Is it created with Artificial Intelligence? - Complete game

Yes or No

Foot and Ankle Anatomy Quiz

Yes or No

Is it true?

Yes or No

Grammys for best song/record

Yes or No

Adjective Checker

Incoterms Quiz: Terms, Costs & RisksOnline version

by Valeria

DDP means the buyer is responsible for paying import duties.

FCA means delivery occurs when the goods are handed over to the carrier at a named place.

FOB requires the seller to deliver the goods on board the vessel at the named port.

DDP places the maximum obligation on the seller, who must clear goods for import and pay duties.

CIF involves the seller paying freight and minimum insurance to the named destination port.

EXW makes the seller responsible for export clearance.

FAS requires delivery when the goods are placed on board the ship.

Incoterms specify who bears costs, risks, and responsibilities for transport and delivery.

Incoterms also determine payment methods like letters of credit.

CIP allows the buyer to insure the goods for any loss; the seller has no obligation to arrange insurance.

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