1.
Under which of the following conditions does the seller have to complete the import
customs clearance?
A. DDP
B. EXW
C. DAT
D. FCA
2. Arrange the Incoterms groups in ascending order of the seller's obligations:
A. E-F-D-C
B. F-E-D-C
C. E-F-C-D
D. E-D-F-C
3. Có bao nhiêu điều kiện giao hàng Incoterm 2020?
A. 8
B. 9
C. 10
D. 11
4. Incoterms do not constitute a complete sales contract but only a part of it.
A. True
B. False
5. Which delivery term involves the highest level of responsibility for the seller?
A. DPU
B. DDP
C. CIF
D. CFR
6. What does EXW stand for?
A. Ex working
B. Ex Worker
C. Ex Works
D. Ex Workshop
7. What is the common point of the terms in group D?
A. The seller does not have to unload the goods at the destination
B. The seller does not have to clear the goods for import
C. The seller must unload the goods at the destination
D. The seller must pay for all transportation costs
8. Insurance under CIP and CIF differs in:
A. Insurance period
B. Coverage area
C. Minimum insurance required
D. Maximum compensation amount
9. Mr. A sells DDP to Mr. B. In the transportation contract between Mr. A and the
carrier, the unloading fee at the destination is included. Mr. A asks Mr. B to pay the
unloading fee, but Mr. B refuses. According to the theory, who is at fault?
Tóm tắt:
DDP - không bao gồm phí unload
A vs carrier -> + unloading
A asks B để trả phí unload -> B từ chối
A. Mr. B
B. Mr. A
C. The carrier
D. No one is at fault
10. Company A is headquartered in Hanoi, with a factory in Hai Duong, and hires a
forwarder in Bac Ninh to ship goods through Hai Phong port. Which of the following
is correct?
CÁCH VIẾT PORT
A. FOB Hai Duong Factory, Vietnam - Incoterms® 2020
B. FOB Hai Phong Port, Vietnam - Incoterms® 2020
C. FOB Bac Ninh, Vietnam - Incoterms® 2020
D. FOB Hanoi, Vietnam - Incoterms® 2020
11. Incoterms® rules for FCA, DAP, DPU, DDP consider that goods can be transported
without any third party involvement, specifically by using their own means of
transport.
A. True
B. False
12. The delivery point under FOB is:
A. Alongside the ship at the port of departure
B. Onboard the ship at the port of departure
C. Onboard the ship at the port of arrival
13. "DDP Korea & Germany Warehouse, Dich Vong, Cau Giay, Hanoi, Vietnam -
Incoterms® 2020" indicates which exporting country?
DDP (destination)
A. Germany
B. Unclear
C. South Korea
D. Vietnam
14. The delivery point under DDP is:
A. The place where the goods are ready to be unloaded by the buyer (usually the buyer’s
warehouse)
B. The place where the goods have been unloaded by the seller (usually the buyer’s
warehouse)
C. The place where the goods are ready to be unloaded by the buyer at the exporting
country
D. The place where the goods have been unloaded by the buyer (usually the buyer’s
warehouse)
15. In CIF, if the goods at the destination port are not in the correct quantity, the seller
is responsible for all the issues.
A. False
B. True
16. Which Incoterm specifies the minimum responsibility of the seller?
A. EXW
B. DDP
C. DDU
D. FCA
17. Which of the following Incoterms means the seller pays for transport but does not
bear the risk?
A. CPT, CIP, CFR, CIF
B. CIP, CFR, FOB
C. CPT, CIP, CFR, DPU
D. CPT, CIP, CFR
18. Which of the following is the correct way to write?
A. EXW Haiphong, Vietnam - Incoterms® 2020
B. VinFast Warehouse, Haiphong, Vietnam EXW - Incoterms® 2020
C. VinFast Warehouse, EXW, Haiphong, Vietnam - Incoterms® 2020
D. EXW VinFast Warehouse, Haiphong, Vietnam - Incoterms® 2020
19. Which of the following is the correct way to write?
A. FAS - Pier 7 Port of Rotterdam - Incoterms® 2020
B. FAS - Port of Rotterdam - Incoterms® 2020
C. Pier 7 Port of Rotterdam - FAS - Incoterms® 2020
D. Pier 7 Port of Rotterdam - Incoterms® 2020 (FAS)
20. Is "DAP 10 Downing Street, London, United Kingdom, Incoterms® 2020" the
correct format?
A. True
B. False
21. FOB stands for:
A. Free on ship Board
B. Free on Boong
C. Fee on Board
D. Free on Board
22. Under FCA Incoterms 2020, who is responsible for all costs incurred before the
buyer receives the goods at the specified location and time in the contract?
A. The seller
B. The warehouse
C. The buyer
D. The carrier
23. The delivery point under CFR Incoterms 2020 is:
A. Alongside the ship at the port of departure
B. Onboard the ship at the port of departure
C. Alongside the ship at the port of arrival
D. Onboard the ship at the port of arrival
24. Which of the following fees is not the seller's responsibility under CFR?
A. Loading the goods onto the ship
B. Freight charges to the destination port
C. Local charges at the port of departure
D. Import duties, taxes, and transit fees (if any)
25. What is the common point of the terms in group D?
A. The seller does not have to unload the goods at the destination
B. The seller does not have to clear the goods for import
C. The seller must unload the goods at the destinationF
D. The seller must pay for all transportation costs
26. Arrange the delivery terms in Group F in descending order of the buyer's
obligations:
A. FAS, FOB, FCA
B. FOB, FCA, FAS
C. FCA, FOB, FAS
D. FCA, FAS, FOB
27. The meaning of Group C in Incoterms is:
A. Place of departure
B. Paid freight
C. Place of arrival
D. Unpaid freight
28. In CIF, if the transportation contract between the seller and the carrier includes
unloading fees at the destination port, then:
A. The seller and the buyer will split this fee 50-50
B. The seller may not be reimbursed for this fee by the buyer unless previously agreed
C. The seller will be reimbursed for this fee by the buyer even if no prior agreement exists
D. No one is responsible for this fee
29. Mr. S does not have to buy insurance for the goods under the FOB contract. Mr. S
is:
A. The buyer or the seller
B. The seller
C. Customs
D. The buyer
30. CPT, CIP, and CFR are delivery terms where the seller pays handling costs but
does not bear any risks at the destination:
A. False
B. True
31. The only delivery term where the buyer does not need to clear goods for import is:
A. DDP
B. DPU
C. DAP
D. EXW
32. Under CFR, the seller signs the transportation contract but is not responsible for
costs to deliver the goods to the destination port:
A. False
B. True
33. In Vietnam, the most commonly applied Incoterms for export and import are:
A. FOB and CIP
B. FOB and FCA
C. CIP and CIF
D. FOB and CIF
34. Choose the INCORRECT statement about a BILL OF EXCHANGE.
A. A BE is a negotiable instrument.
B. A typical BE involves three parties.
C. A BE always bears interest from the date of issuance until the date of payment.
D. For a BE to be valid, it must always be accepted by the drawee, indicating an agreement
to pay.
35. Choose the CORRECT statement about a LETTER OF CREDIT.
A. An LC can be issued by any individual or entity, not just banks.
B. An LC provides a payment guarantee provided the terms and conditions specified in the
L/C are met.
C. The issuing bank guarantees the quality of the goods shipped under the L/C.
D. Payment under an L/C is made at once upon presentation of documents, and an L/C is
normally used for large transactions.
36. Choose a situation that DOES NOT belong to FORCE MAJEURE.
A. A retail business in the US cannot pay its supplier on time because it has faced a
significant drop in sales due to a general economic downturn.
B. A supplier in Ukraine cannot ship goods to its international customers because the
outbreak of war has led to widespread destruction, halting all business operations and
logistics.
C. A global shipping company in Korea faced severe disruptions due to the H1N1 influenza
pandemic, preventing the company from fulfilling its delivery schedules and meeting
contractual deadlines.
D. A company in Florida fails to fulfill its contractual obligations to deliver construction
materials to a client because a hurricane has destroyed its warehouse and disrupted
transportation routes.
