IFF - INCO Terms Quiz Question Title * 1. What is your name? (First, Last) Question Title * 2. What is your location? Winnipeg, MB Regina, SK Saskatoon, SK Itasca, IL Kent, WA Vaughan, ON Other Question Title * 3. What is your role/job title/department? Question Title * 4. Cheapest and best way of transporting heavy and bulky goods over a long distance. Air Land Sea Question Title * 5. Which incoterms has the condition wherein the buyer absorbs all the risk, insurance and cost? EXW FCA FOB Question Title * 6. If all the goods to be transported are accommodated in one single container, it is called FCL (Full Container Load) LCL (Less than Container Load) CL (Consolidated Load) Question Title * 7. _____ are common terms and rules developed to mitigate language barriers in international shipping. MARITIME Laws INCOTERMS STEERAGE Laws MARITIME Codes Question Title * 8. What is the meaning of Incoterm CPT? Carriage Ported Towards Carriage Paid To Carriage Processed To Question Title * 9. What is the meaning of Incoterm CIP? Cost & Insurance Paid To Cost & Interest Procured Carriage & Insurance Paid To Question Title * 10. What is the meaning of Incoterm FAS? Free Alongside Ship Forward Along Shipment Free Allotted Ship Question Title * 11. FAS (Free Alongside Ship) and FOB (Free On Board) are rules for which kind of transport? Any kind of transport - sea, land or air Inland waterway or sea transport Rail transport only Air transport only Question Title * 12. Which INCOTERM, of the following, is NOT EXCLUSIVE for Maritime Transport? FOB CIF FAS DDP Question Title * 13. When do we invoice if Incoterms are CIP (destination address) Once goods are handed over to the first carrier or forwarder Once goods arrive at destination airport / seaport Once goods leave the factory at origin Question Title * 14. When the Incoterm is Ex-Works, the buyer’s nominated freight forwarder must arrange for the loading of the goods into the truck at the factory. In practice, the seller assists in this task. True False Question Title * 15. Into how many major Categories, is INCOTERMS 2020 grouped: 2 4 5 3 Question Title * 16. INCOTERMS is an abbreviation that stands for: Invoice & Contracting Terms International Collaboration Terms International Commercial Terms International Contracting Terms Question Title * 17. You ordered your favorite product on AMAZON and paid for it. The website offers free delivery at your address and has issued a final invoice. What would be INCOTERM that applies in this case: DDP CPT DAT CIP Question Title * 18. As a seller, you quote only for the product, to make your offer comparable with competition, and remove all logistic expenses. Which INCOTERM have you assumed in the proposal: FOB FCA EXW CFR Question Title * 19. Under FOB Incoterms (Free On Board), who bears the cost of Customs & Clearance Seller Buyer Question Title * 20. In CFR Incoterm, the insurance is arranged by ______ Buyer Seller Freight Forwarder Question Title * 21. A Shipment has been ordered from China, via maritime transportation using CPT Incoterm. What is NOT covered under CPT Incoterm? Packing Transportation Insurance Loading at departure Question Title * 22. How would you rate the relevance of this material to your day-to-day job? Extremely valuable Somewhat valuable Not valuable at all Question Title * 23. Did you learn anything about the position/topic that you didn’t know prior to this? Question Title * 24. How would you rate the relevance of this material to your day-to-day job? A great deal A moderate amount None at all Question Title * 25. If you gained new knowledge, be specific! Question Title * 26. What kind of content would you like to see in the future to help improve your day-to-day work life? Check all that apply: Current updates in the industry Step-by-step guides to using specific software/programs Shortcuts in the programs I currently use Other Question Title * 27. If you selected other material that you would like to see in the future, please be specific: Question Title * 28. Was there anything unclear in the material that you would like your manager or the Frontier-U team to expand on? Done