Incoterms Trivia
Navigate CIF, FOB, and DDP without shipping your brain to the wrong destination.
EXAMPLE QUESTIONS
In the shipping term CIF, what does the letter “I” stand for?
Insurance
When freight is marked “prepaid,” which party generally covers the carrier’s main transportation charges?
The shipper
In international shipping, what does the Incoterms abbreviation “CFR” stand for?
Cost and Freight
Under CPT, when does the risk of loss transfer from the seller to the buyer?
First carrier
What does the shipping abbreviation FOB stand for?
Free On Board