Incoterms In Logistics: Trivia Quiz!

8 Questions | By WorkzTraining | Updated: Mar 22, 2022 | Attempts: 7303

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Incoterms In Logistics: Trivia Quiz! - Quiz

Questions and Answers

1.

What do LTL and FTL stand for?
2.

Why are LCL lead times longer than FCL lead times?
- A.
  
  Shipments may move on different vessels
- B.
  
  Shipments may take different routes
- C.
  
  Consolidation and deconsolidation procedures at origin and destination ports take longer
- D.
  
  All of the above
3.

Why is it better to ship goods as pallets instead of loose cartons?
- A.
  
  To increase the weight of the package
- B.
  
  Airlines / shipping lines do not accept loose cartons
- C.
  
  Pallets are easier to handle and are more secure
4.

Shipping lead time from China to Zambia is 65 days by the sea and 15 days by air. If a customer does not want the lead time to exceed more than 35 days and also does not want to pay very high freight costs, what do we tell him?
- A.
  
  We are unable to handle freight for him
- B.
  
  Offer a combination of sea and air freight to manage within the required transit time
- C.
  
  Advise that he needs to accept only air freight option as sea freight will take 65 days
5.

When do we invoice if Incoterms 2010 are CIP (destination address)
- A.
  
  Once goods are handed over to the first carrier or forwarder
- B.
  
  Once goods arrive destination airport / seaport
- C.
  
  Once goods leave the factory at origin
6.

At what point does risk transfer from the seller to the buyer if the terms of shipment are DAP (destination address)?
- A.
  
  Once goods are handed over to the first carrier or forwarder
- B.
  
  Once goods are delivered at the destination address
- C.
  
  Once goods leave the factory at origin
7.

When the Incoterm is Exworks, the buyer’s nominated freight forwarder must arrange for the loading of the goods into the truck at the factory. In practice, the seller assists in this task.
- A.
  
  True
- B.
  
  False
8.

Why does Workz prefer to avoid selling DDP terms to our customers?