First-time exporters and importers often employ a cautious strategy with respect to terms of sale. Because of this, which of the following terms of sale would be lease likely to be used by first-time exporters and importers?

First-time exporters and importers often employ a cautious strategy with respect to terms of sale. Because of this, which of the following terms of sale would be lease likely to be used by first-time exporters and importers?

a. ex-works
b. free carrier
c. free along side
d. delivery duty paid
e. none of the above

Answer: D

With respect to INCOTERMS, the seller transfers all risk of loss and all responsibility for expenses on the buyer at his loading dock in a(n) ______ transaction.

With respect to INCOTERMS, the seller transfers all risk of loss and all responsibility for expenses on the buyer at his loading dock in a(n) ______ transaction.

a. Carriage and insurance paid to
b. Delivery duty paid
c. Free carrier
d. Ex-works
e. None of the above

Answer: D

Which of the following are not addressed by terms of sale?

Which of the following are not addressed by terms of sale?

a. cost of the product
b. risk of physical loss
c. costs of moving product from one place to another
d. responsibilities of parties to the transaction
e. none of the above

Answer: E

First-time exporters and importers often employ a cautious strategy with respect to terms of sale. Because of this, which of the following terms of sale would be least likely to be used by first-time exporters and importers?

First-time exporters and importers often employ a cautious strategy with respect to terms of sale. Because of this, which of the following terms of sale would be least likely to be used by first-time exporters and importers?

a. ex-works
b. free carrier
c. free along side
d. delivery duty paid
e. none of the above

Answer: D

With respect to INCOTERMS, the seller transfers all risk of loss and all responsibility for expenses on the buyer at his loading dock in a(n) _____ transaction.

With respect to INCOTERMS, the seller transfers all risk of loss and all responsibility for expenses on the buyer at his loading dock in a(n) _____ transaction.

a. Carriage and insurance paid to
b. Delivery duty paid
c. Free carrier
d. Ex-works
e. none of the above

Answer: D

Which of the following are not addressed by terms of sale?

Which of the following are not addressed by terms of sale?

a) cost of the product
b) risk of physical loss
c) costs of moving product from one place to another
d) responsibilities of parties to the transaction
e) none of the above

Answer: E