Under______, the seller minimizes his obligations while the buyer obtains the goods at the lowest possible price.
A. FOB
B. DDP
C. DES
D. EXW
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The term FOB should be followed by ________.
A. point of origin
B. Port of importation
C. Port of discharge
D. Port of exportation
________ may be used for various modes of transport.
A. FCA CPT CIP
B. FCA FOB EXW
C. FCA FAS CIF
D. FCA CFR CPT
The term CFR should be followed by ______.
A. point of origin
B. Port of shipment
C. Port of destination
D. Port of exportation
According to the INCOTERMS 2010, the insurance required under a CIF contract has to cover_______.
A. the minimum conditions
B. The maximum conditions
C. moderate conditions
D. Any conditions at seller’s option