1、Price terms are mainly applied to determining the prices of commodities in international trade.
A、False
B、True
2、Warsaw-Oxford Rules clearly explain thirteen kinds of trade terms in current use.
A、True
B、False
3、As an exporter, you concluded a deal with an American on the basis of EXW; then your transaction risk is reduced to the minimum degree.
A、False
B、True
4、According to the interpretation of the Revised American Foreign Trade Definition, FAS is suitable for all kinds of transportation methods.
A、True
B、False
5、Under the CIP, the seller must pay the freight rate and insurance premium as well as bear all the risks until the goods have arrived at the destination.
A、False
B、True
6、 There is/are ( ) trade term(s) in Warsaw-Oxford Rules.
A、1
B、4
C、2
D、3
7、( ) price terms have been defined by the INCOTERMS2010.
A、9
B、13
C、11
D、6
8、Among all the Incoterms in INCOTERMS2010, ( ) imposes the minimum obligation and cost to the seller.
A、DES
B、CIF
C、EXW
D、DDP
9、 Among all the Incoterms, ( ) imposes the minimum obligation and cost to the buyer.
A、EXW
B、CIF
C、DDP
D、FOB
10、According to the Incoterms 2010 under FCA the risk of goods will be transferred from the seller to the buyer ( ).
A、when the goods are delivered to the named place in the exporting country
B、when the goods are loaded on the vehicle of the carrier
C、when the goods are given to the nominated carrier
D、when the goods are placed at the disposal of the buyer
