English/German and long form
FAS (German?)
frei Längsseite Schiff
Verschiffungshafen
port of shipment
What is the main difference between F and C terms?
main carriage is included in the C-terms
Which institution is responsible for defining and publishing Incoterms?
ICC (International Chamber of Commerce)
What is a B/L called in German?
Konnossement
CIF (long form?)
cost, insurance and freight
Bestimmungshafen
port of destination
Under which two terms is the seller obligated to arrange insurance?
CIF, CIP
All export/import contracts have to include an Incoterm. True or false?
False. The use of Incoterms is recommended, but not obligatory.
What important additional function does the B/L have compared to the waybill?
the B/L is a document of title, the waybill is not
(both have in common that they are evidence of the contract of carriage and a receipt for the cargo)
DDP (German?)
geliefert verzollt
Transportunternehmen
carrier
Which terms can only be used for sea and inland waterway transports of non-containerized cargo?
FAS, FOB, CFR, CIF
Which incoterms include packing?
all of them
Which document shows where the goods were mainly produced?
certificate of origin
CPT (long form?)
carriage paid to
Importzoll
import duty
In which four Incoterms is the changeover point for the risk earlier than the changeover point for the costs (‘Zweipunktklauseln’)?
CFR, CIF, CPT, CIP
How do DAP and DPU differ in terms of costs?
DAP does not include the cost of unloading the goods (goods need to be 'ready for unloading'), whereas DPU includes the cost of unloading
In connection with B/Ls, sometimes the consignor and the consignee are mentioned. Who is the consignor?
person/company sending the goods (often the same as the shipper)
FCA (German?)
frei Frachtführer
Frachtvertrag
contract of carriage
Why should FOB not be used for container transports?
Under FOB, responsibility for risks/costs passes when the goods are on board of the vessel, but with container transports, the seller delivers the container to a cargo terminal days in advance and does not place it on board. => use FCA
Which duties are paid for by the seller if the goods are sold on a DDP basis, but not in DAP?
import duties
What happens with the other originals of the B/L when one original has been presented to release the goods?
they become void
CIP (long form?)
carriage and insurance paid to
Ausdruck für einen Transport, der mehrere verschiedene Beförderungsmittel nutzt
multi-modal transport
A shipment is made on an FOB basis. In the process of loading the boxes with musical instruments on board, a rope breaks and the cases crash on the quay. Who bears the risk?
the seller
What is the difference between a proforma invoice and a commercial invoice with regard to the importer's obligations?
a proforma invoice is not a request for payment
(the p.i. is used to apply for an import license or to serve as a quotation)
Rollgeld/Anfuhrgeld
cartage
What is the difference between a clean and a foul/unclean B/L?
in the case of an unclean (= foul) B/L, the captain has noted on the B/L that the consignment shows signs of damage