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Advanced 1: Incoterms 2020 Mastery
Advanced Module 1
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Questions
1.Under Incoterms 2020, which Incoterm requires the seller to procure all-risks insurance (Institute Cargo Clauses A) as the default minimum?
2.For a 40' container of frozen seafood handed to a freight forwarder at an inland container yard in Cochin, with the seller paying ocean freight to Jebel Ali, the correct Incoterm is:
3.Under DDP terms, the seller is responsible for:
4.The seller's exposure under EXW terms includes:
5.Risk transfer under CIF Incoterms 2020 occurs:
6.For perishables shipped under CIF where Institute Cargo Clauses (C) is the default minimum, the seller should:
7.The DPU Incoterm replaces which prior term from Incoterms 2010?
8.Family B Incoterms (FAS, FOB, CFR, CIF) apply only when:
9.A common drafting error in food export contracts is:
10.Under CFR or CIF Incoterms, the seller continues to pay freight until destination, but:
