Practice - International Commercial Terms - Incoterms
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What does FOB stand for?
💡 Hint: Consider the transport stage where the responsibility lies.
Which Incoterm means the seller bears all costs until delivery?
💡 Hint: Think about who carries the burden in delivery negotiations.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does Incoterms help determine?
💡 Hint: Think about the purpose of these terms.
True or False: Under DDP, the buyer is responsible for import duties.
💡 Hint: Consider who pays at the delivery point.
1 more question available
Challenge Problems
Push your limits with advanced challenges
If a seller uses DDP in the agreement but the buyer is inexperienced in customs, how might this affect the transaction?
💡 Hint: Consider customs processes in international trade.
Analyze how switching from CIF to FOB might impact the cost structure for a buyer.
💡 Hint: Focus on risk and cost during shipping.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.