Week 2 Fleet Ruting

Question 1

What are the different incoterms? (11)

Answer 1

• EXW - Ex works (place)
• FCA - Free carrier (place)
• FAS - Free alongside ship
• FOB - Free on board (port)
• CFR - Cost and Freight (port)
• CIF - Cost insurance & freight (port)
• CPT - Carriage Paid to (port)
• CIP - Carriage & insurance paid to (place)
• DAP - Delivered at place
• DPU - Delivered at place unloaded
• DDPM- Delivered duty paid

Question 2

Which incoterms are suitable for any mode or modes of transport? (7)

Answer 2

• EXW - Ex works (place)
• FCA - Free carrier (place)
• CPT - Carriage Paid To (place)
• CIP - Carriage & insurance paid to (place)
• DAP - Delivered at place
• DPU - Delivered at place unloaded
• DDP - Delivered duty paid

Question 3

Which incoterms are only suitable for sea and inland watery transport? (4)

Answer 3

• FAS - Free alongside ship
• FOB - Free on board (port)
• CFR - Cost and Freight (port)
• CIF - Cost insurance & freight (port)

Question 4

Characteristics of EXW - Ex Works:
- Where delivery occurs
- Who has the Transport costs at origin
- Who has the Transport costs at destination

Answer 4

• Delivery occurs at the origin
• Transport costs at origin are with the buyer
• Transport costs at the destination are with the buyer

Question 5

Which incoterms are freight collect terms? (4)

Answer 5

• EXW - Ex works (place)
• FCA - Free carrier (place)
• FAS - Free alongside ship
• FOB - Free on board (port)

Question 6

Which incoterms are freight prepaid terms? (7)

Answer 6

• CFR - Cost and Freight (port)
• CIF - Cost insurance & freight (port)
• CPT - Carriage Paid to (port)
• CIP - Carriage & insurance paid to (place)
• DAP - Delivered at place
• DPU - Delivered at place unloaded
• DDPM- Delivered duty paid

Question 7

Characteristics of FCA, FAS and FOB:
- Where delivery occurs
- Who has the transport costs at origin
- Who has the transport costs at the destination

Answer 7

• Delivery occurs at the origin
• Transport costs at the origin is with the seller
• Transport costs at the destination are with the buyer

Question 8

Characteristics of CFR, CIF, CPT and CIP:
- Where delivery occurs
- Who has the transport costs at origin
- Who has the transport costs at the destination

Answer 8

• Delivery occurs at the origin
• Transport costs at the origin are with the seller
• Transport costs at the destination are with the seller

Question 9

Characteristics of DAP, DPU, DDP:
- Where delivery occurs
- Who has the transport costs at origin
- Who has the transport costs at the destination

Answer 9

• Delivery occurs at the destination
• Transport costs at the origin are with the seller
• Transport costs at the destination are with the seller

Question 10

What do Incoterms determine?

Answer 10

They determine the seller’s and buyer’s respective obligations concerning responsibilities and charges for the transportation of goods from the seller’s premises to the buyer’s location

Question 11

What are the different weight and volume ratios for maritime, road/rail and Air?

Answer 11

• 1 tonne = 1m^3
• 1 tonne = 3m^3
• 1 tonne = 6m^3