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Incoterms 2020 Challenge

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Incoterms 2020 Challenge

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About this activity

Quiz on Incoterms 2020 (medium)

Created by

Omar Muassess
Omar Muassess
United Arab Emirates

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Incoterms 2020 Challenge
 

Incoterms 2020 ChallengeOnline version

Quiz on Incoterms 2020 (medium)

by Omar Muassess
1

CIP requires the seller to procure insurance for the goods with coverage at least ICC A to the named destination if requested.

2

Incoterms 2020 include 11 terms, including DPU.

3

CIF is a maritime term where the seller must obtain marine insurance for the goods.

4

Under CIF, risk passes on shipment but insurance is optional for the seller.

5

Under FCA, risk passes to the buyer when the goods are delivered to the carrier at the named place.

6

DDP requires the seller to deliver goods cleared for import and pay duties and taxes.

7

In Incoterms 2020, the seller is always responsible for import clearance.

8

FOB can be used for air shipments.

9

Under DAP, the seller must unload the goods at the named place.

10

Incoterms 2020 are not legally binding on contractual terms.

 
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