Chapter Four Price

Rules for Trade Terms

1、单选题:
‎Warsaw-Oxford Rules 1932 was developed by International Law Association to set rules for ______.‏
选项:
A: FOB
B: CFR
C: CIF
D: C&F
答案: 【 CIF

Test for Price

1、单选题:
​FOB and CFR share one thing that (   ).‎​‎
选项:
A: Risk is transferred when the goods are loaded on board the vessel at the port of shipment.
B: They can be used in any mode of transport.
C: The seller will be responsible for the unloading at the port of destination.
D: They are not used for export.
E: They can be used only for sea or inland waterway transport.
F: The seller is not responsible for obtaining cargo insurance.
答案: 【 Risk is transferred when the goods are loaded on board the vessel at the port of shipment.;
They can be used only for sea or inland waterway transport.;
The seller is not responsible for obtaining cargo insurance.

2、单选题:
​Among all the trade terms in INCOTERMS 2020,  (  ) imposes the minimum obligation and cost to the seller.‏​‏
选项:
A: EXW
B: CIF
C: DAP
D: DDP
E: FAS
F: FOB
G: CFR
H: FCA
I: CPT
J: CIP
K: DPU
答案: 【 EXW

3、单选题:
‏Among all the trade terms in INCOTERMS 2020,  (  ) imposes the minimum obligation and cost to the buyer.​
选项:
A: EXW
B: CIP
C: DPU
D: DDP
E: DAP
F: FAS
G: FOB
H: CFR
I: CIF
J: FCA
K: CPT
答案: 【 DDP

4、单选题:
‏On the basis of CIF subject to INCOTERMS 2020, if the goods get loose from the hook and fall into the sea during the loading stage, (   ) should be liable for the loss.‍‏‍
选项:
A: the buyer
B: the seller
C: the carrier
D: both the seller and the buyer
E: both the seller and the carrier
F: both the buyer and the carrier
答案: 【 the seller

5、单选题:
‏INCOTERMS 2020 requires the seller to handle the export customs clearance except under (   ).‎‏‎
选项:
A: EXW
B: FCA
C: DPU
D: DDP
E: DAP
答案: 【 EXW

6、单选题:
‏According to INCOTERMS 2020, the following terms are applicable to any mode of transport EXCEPT (   )‌‏‌
选项:
A: DDP
B: EXW
C: FCA
D: FAS
答案: 【 FAS

7、单选题:
​As for the risks that sellers take under FCA, CPT and CIP terms, which of the following orders is correct?‏
选项:
A: FCA=CPT=CIP
B: FCA>CPT>CIP
C: CIP>CPT>FCA
D: CPT>CIP>FCA
答案: 【 FCA=CPT=CIP

8、单选题:
‍Which of the following price is correct for international quotation?​
选项:
A: $150.00 per Ton
B: USD 150.00 per Ton
C: USD 150.00 per M/T
D: USD 150.00 per M/T CIF Antwerp
答案: 【 USD 150.00 per M/T CIF Antwerp

9、多选题:
‌China's Company A exported on FCA Shanghai Airport, with shipment during August. A handed over the goods to the airline at Shanghai airport on August 31, and got the Airway Bill on the same day. The goods arrived at the destination on September 2.  However, the prevailing market price for wrist watches began to decrease, thus the importer refused to take delivery for A's late delivery.‎‌Which of the following statements is correct?‎
选项:
A: A delivered the goods on September 2. It was late delivery.
B: A delivered the goods within contracted time.
C: The importer had the right to refuse to take delivery of the goods.
D: The importer had to take delivery of the goods.
E: The importer should take delivery of the goods, and then claimed for A's late delivery.
F: The importer should take delivery of the goods, and then claimed against A for compensation due to the market price decrease.
答案: 【 A delivered the goods w

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