Question: QUESTION 1 Incoterms are divided into 3 groups, Group 1 is rules for any mode of transport, Group 2 is rules for carriage by sea,

QUESTION 1 Incoterms are divided into 3 groups, Group 1 is rules for any mode of transport, Group 2 is rules for carriage by sea, and Group 3 is rules for carriage by train.

True False 1 points

QUESTION 2 When choosing which Incoterm to apply you need to consider many factors, including: the type of goods, the means of transport, the conditions of payment and the documentary requirements imposed by these conditions, and the capacity of and the efficiency with which the seller or the buyer can perform the obligation to deliver the contracted goods.

True False 1 points

QUESTION 3 Force majeure is a specific meaning and purpose in law; it refers to the events beyond the control of the parties. True False 1 points

QUESTION 4 Pre-shipment inspections can help avoid legal disputes and costly shipping charges by identifying the non-conformity of goods prior to shipment.

True False 1 points

QUESTION 5 When choosing which Incoterm to use in a contract, is it not relevant to consider market factors, access to reliable transport, or insurance.

True False

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