Podcast
Questions and Answers
What are the two categories of seller and buyer obligations in the Incoterms® 2020 rules?
What are the two categories of seller and buyer obligations in the Incoterms® 2020 rules?
- A1/A2
- C1/C2
- X/Y
- A/B (correct)
Which category of obligations involves the responsibilities of delivery/taking delivery under the Incoterms® 2020 rules?
Which category of obligations involves the responsibilities of delivery/taking delivery under the Incoterms® 2020 rules?
- A2/B2 (correct)
- A4/B4
- A3/B3
- A1/B1
What do the 'A3/B3' obligations cover in the Incoterms® 2020 rules?
What do the 'A3/B3' obligations cover in the Incoterms® 2020 rules?
- Insurance
- Transfer of risks (correct)
- Export/import clearance
- Delivery/transport document
Which step involves allocation of costs according to the Incoterms® 2020 rules?
Which step involves allocation of costs according to the Incoterms® 2020 rules?
Under the Incoterms® 2020 rules, which category involves checking/packaging/marking responsibilities?
Under the Incoterms® 2020 rules, which category involves checking/packaging/marking responsibilities?
What do the 'Delivering/transport document' obligations refer to in the Incoterms® 2020 rules?
What do the 'Delivering/transport document' obligations refer to in the Incoterms® 2020 rules?
What do Incoterms® rules address in sales contracts?
What do Incoterms® rules address in sales contracts?
Why were the Incoterms® 2020 introduced?
Why were the Incoterms® 2020 introduced?
What does the ICC's Incoterms® system represent?
What does the ICC's Incoterms® system represent?
What is one of the main purposes of using Incoterms® rules in negotiations?
What is one of the main purposes of using Incoterms® rules in negotiations?
Which factor was NOT mentioned as a potential source of confusion in international trade negotiations?
Which factor was NOT mentioned as a potential source of confusion in international trade negotiations?
What aspect of sales contracts do Incoterms® rules NOT address?
What aspect of sales contracts do Incoterms® rules NOT address?
Which of the following are users of Incoterms® 2020?
Which of the following are users of Incoterms® 2020?
Under which class of Incoterms® 2020 rules does 'EXW' (ex works) belong?
Under which class of Incoterms® 2020 rules does 'EXW' (ex works) belong?
What does 'DDP' stand for in Incoterms® 2020?
What does 'DDP' stand for in Incoterms® 2020?
Which of the following is a responsibility typically covered by Incoterms® 2020?
Which of the following is a responsibility typically covered by Incoterms® 2020?
In Incoterms® 2020, which rule involves 'Free on Board'?
In Incoterms® 2020, which rule involves 'Free on Board'?
'DPU' in Incoterms® 2020 replaced which term?
'DPU' in Incoterms® 2020 replaced which term?
