Rules for Transportation Modes and Incoterms® System
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Questions and Answers

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?

  • A2/B2 (correct)
  • A4/B4
  • A3/B3
  • A1/B1
  • 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?

    <p>A9/B9</p> Signup and view all the answers

    Under the Incoterms® 2020 rules, which category involves checking/packaging/marking responsibilities?

    <p>A8/B8</p> Signup and view all the answers

    What do the 'Delivering/transport document' obligations refer to in the Incoterms® 2020 rules?

    <p>A6/B6</p> Signup and view all the answers

    What do Incoterms® rules address in sales contracts?

    <p>Obligations, costs, and risks</p> Signup and view all the answers

    Why were the Incoterms® 2020 introduced?

    <p>To standardize international trade terms</p> Signup and view all the answers

    What does the ICC's Incoterms® system represent?

    <p>Different methods of transportation and assumption of risk and cost</p> Signup and view all the answers

    What is one of the main purposes of using Incoterms® rules in negotiations?

    <p>To specify the responsibilities of the seller and buyer</p> Signup and view all the answers

    Which factor was NOT mentioned as a potential source of confusion in international trade negotiations?

    <p>Technology</p> Signup and view all the answers

    What aspect of sales contracts do Incoterms® rules NOT address?

    <p>Company profits</p> Signup and view all the answers

    Which of the following are users of Incoterms® 2020?

    <p>Importers</p> Signup and view all the answers

    Under which class of Incoterms® 2020 rules does 'EXW' (ex works) belong?

    <p>Rules for any mode or modes of transport</p> Signup and view all the answers

    What does 'DDP' stand for in Incoterms® 2020?

    <p>Delivered Duty Paid</p> Signup and view all the answers

    Which of the following is a responsibility typically covered by Incoterms® 2020?

    <p>Security fees</p> Signup and view all the answers

    In Incoterms® 2020, which rule involves 'Free on Board'?

    <p>FOB</p> Signup and view all the answers

    'DPU' in Incoterms® 2020 replaced which term?

    <p>'DAT'</p> Signup and view all the answers

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