INCO TERMS 2010 Flashcards
1
Q
Group E (EXW)
A
The buyer assumes the most risk, costs, and transportation obligation because the buyer assumes all responsibility once the picking up the items from the seller in the sellers country.
2
Q
Group F
FCA
FAS
FOB
A
the buyer has less risk and cost because the seller assumes the risk and cost for the transportation between the sellers’ facility and the carrier
3
Q
Group C
CFR
CIF
CPT
CIP
A
The buyer’s risks are similar to those risks in Group F but the difference is that the seller is responsible for the costs of the carrier when using Group C Inco terms
4
Q
Group D
DAP
DAT
DDP
A
The buyer has the least risk in transportation because the seller bears the risk while the carrier is in route to the destination country
