INCOTERMS

Question 1

In an international voyage, the point at which the exporter

cease to be responsible for the goods

Answer 1

Transfer of Responsibility:

Question 2

The point in time at which the ownership of the goods change from
the exporter to the importer.

Answer 2

Transfer of Title

Question 3

In an international voyage, the point at which the responsibility for the
goods switches from the exporter to the importer.

Answer 3

Delivery

Question 4

The type of product sold
The method of shipment
The package size
The abilities of either of the parties
The amount of trust placed either of the parties toward the other

Answer 4

Parameters of incoterms

Question 5

Exworks

Answer 5

The sellers has the responsability to have the final product at their warehouse and the documentation preparation

Question 6

means that the seller delivers the goods to the carrier or another person nominated by
the buyer at the seller’s premises or another named place.

Answer 6

Free Carrier FCA

Question 7

means that the seller delivers when the goods are placed

alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment.

Answer 7

FAS Free Alongside Ship

Question 8

means that the seller delivers the goods on board the vessel nominated by the buyer
at the named port of shipment or procures the goods already so delivered.

Answer 8

FOB“Free On Board”

Question 9

means that the seller delivers the goods on board the vessel. The risk of loss of or damage to
the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight
necessary to bring the goods to the named port of destination.

Answer 9

CFR “Cost and Freight

Question 10

means that the seller delivers the goods on board the vessel. The risk of loss of or
damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs
and freight necessary to bring the goods to the named port of destination. The seller also contracts for insurance cover
against the buyer’s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIF the
seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection,

Answer 10

CIF Cost, Insurance and Freight”

Question 11

means that the seller delivers the goods to the carrier or another person nominated by the seller at an
agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage
necessary to bring the goods to the named place of destination

Answer 11

CPT Carriage Paid To

Question 12

means that the seller delivers the goods to the carrier or another person nominated by
the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for an pay the
costs of carriage necessary to bring the goods to the named place of destination. ‘The seller also contracts for insurance
cover against the buyer’s risk of loss of or damage to the goods during the carriage

Answer 12

CIP “Carriage and Insurance Paid to”

Question 13

the seller delivers when the goods, once unloaded from the
arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named
port or place of destination.

Answer 13

DAT delivered at terminal

Question 14

the seller delivers when the goods are placed at the disposal
of the buyer on the arriving means of transport ready for unloading at the named place of
destination.

Answer 14

DAP delivered at Place

Question 15

the seller delivers the goods when the goods are placed at the
disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the
named place of destination.

Answer 15

Delivery Duty Paid DDP