Incoterms 2020 Rules – Edwards Lifesciences

9/11 was one of many events to prompt revision of Incoterms® 2000?

What is the name of the organization that formalizes, defines, revises and maintains the Incoterms® Rules?

Main Carriage is the method of ________________

Incoterms® are considered to be law?

There are 4 trade term categories: A, B, C and D?

DAP delivery happens before unloading while DPU requires the seller to unload.

The named place listed for geographic delivery under EXW is

Under EXW, the Sellers risk and costs ends when the goods are made available at the seller’s location

Under FCA, who is responsible for loading goods onto truck at seller’s origin?

Under FCA the parties can agree for the location of goods to be at the seller’s location or

Under CPT, the Named Place is a named place at:

CIP is an “Any Mode” commercial term?

Under DAP, the sellers risk and costs ends at

The named place listed for geographic delivery under DPU is

It is the buyer’s responsibility to unload at destination terminal under DPU

With Incoterms®, two terms are considered ‘bookend’ terms. One is EXW and the other is

Under DDP, the sellers risk and costs ends at

FAS is an “Any Mode” commercial term?

The named place listed for geographic delivery under FOB is

CFR is the acronym for:

CIF is unsuitable for containerized transport

EXW, Ex Works and DDP, delivered duties paid are both not advisable for international transactions as there are many areas of risk and exposures

CIP is ideal for multimodal transportation

Under CPT, the seller’s risk and costs ends are split. The risk ends when the goods are laden on the first carrier and costs end:

How many mirrored seller-buyer obligations are there?