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INCOTERMS EXERCISE
1. _________________ = The seller makes the goods available at their own premises, but is not
responsible for loading unless otherwise agreed
2. _________________ = The seller delivers the cleared goods into the charge of the carrier
named by the buyer at the named place.
3. _________________ = The seller delivers the cleared goods to the quay alongside the
vessel at the named port and clears the goods for export
4. _________________ = The seller delivers the cleared goods to the quay alongside the
vessel at the named port, clears the goods for export and
organizes the loading of the goods onto the ship.
5. _________________ = The seller pays for carriage to the named destination but the risk
and any additional costs are transferred to the buyer.
6. ________________ = The seller pays the costs and freight charges for delivery of the goods
to the named port and clears the goods for export but
the buyer bears the risks after shipment.
7. _________________ = The seller pays for carriage to the named destination and also for
insurance (minimum coverage only required)
8. ________________ = The seller pays the costs and freight charges for delivery of the
goods to the named port but also clears the goods for export
and contracts for insurance (min. coverage only required).
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9. _________________ = The seller pays for carriage to the named place. The goods are ready for
unloading but not cleared for import. Buyer is responsible for
unloading.
10. _______________ = The seller pays for carriage to the named terminal and the goods are
unloaded but not cleared for import.
11. _______________ = The seller delivers the goods to the country of importation and makes
them available at the named place (paying both export and import
clearance, bearing all risks, duties and costs).
________________
________________
5. Which terms only apply to sea freight or inland waterway freight? (4)