1) The International Chamber of Commerce has published the latest version of Incoterms which have come into effect in _________ a) 2020 b) 2010 c) 2016 2) Incoterms clearly state which tasks, risks and ______ are associated with the buyer and which are associated with the seller. a) quantity of goods b) costs 3) If the buyer and seller agree to sell goods on______ terms, the seller will only cover the cost of the goods and the export packaging a) Ex-Works b) FCA c) FAS 4) Under FCA, Free-To-Carrier the seller will cover taxes, export duties and_______ to get the products prepared for export. a) customs clearance b) insurance 5) When FOB terms are agreed upon, the seller's obligation is to supply the goods and also to pay for all of the additional charges involved such as... a) the loading charges. b) the unloading charges. 6) CFR and CIF are similar Incoterms that cover..... a) Sea and inland waterway transport b) any mode or modes of transport. 7) If the seller agrees to cover the cost of insurance during transport, they can sell goods under the a) the CIP Incoterm. b) the CFR Incoterm. c) the DPA Incoterm. 8) Delivered-at-Place-Unloaded is agreed, then the seller will also pay for the ...... at the destination a) unloading costs b) insurance 9) Finally, if DDP, Delivered-Duty-Paid is agreed then the seller will also pay for the import duties, taxes, and .... at the country of destination. a) customs clearance b) penalty

8.4 Use touch or keyboard to fly into the correct answers and avoid the wrong ones.

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