FOB and CFR share one thing that ( ).
A. risk is transferred when the goods are loaded on board the vessel
B. the seller will be responsible for the unloading at the port of destination
C. they can be used in any mode of transport
D. none of the above
Which of the following price is correct for international quotation?( )
A. $ 150.00 CIF Antwerp
B. GBP 100.00 per L/T FOB Shanghai
C. USD 150.00 per M/T
D. USD 150.00 per Ton
CIP INCOTERMS 2020 requires the seller to cover the goods with ( ) unless contracted otherwise.
A. at least the minimum cover of FPA as per CIC
B. at least the minimum cover of WPA as per CIC
C. ICC(A) clause
D. at least the minimum cover of ICC(C) clause
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