 Juan Diego Bello

 Sebastian Perdomo

Class Workshop: In pairs Determine the correct INCOTERM in each case and answer
TRUE or FALSE.

1. The INCOTERM in which the seller has to pay Cost and Air Freight but not International
Insurance is _CIF _
2. The correct INCOTERM when you, as Colombian, want to import shoes from a Chinese port
paying international freight and insurance is _FOB and CIF _
3. The buyer wants to receive the cargo in my Factory, over the truck _DDP_
4. The buyer wants to receive the cargo in the Valparaíso maritime terminal _FAS_
5. The INCOTERM in which the seller has to pay Cost, maritime Freight and International
Insurance is __CIP___
6. The correct INCOTERM when you, as Colombian, want to import shoes from a Chinesse port
NOT paying international freight and insurance is _______DAP______
7. The correct INCOTERM if you want to import from New York´s international airport to
Colombia´s airport without paying international freight or insurance is _CIF_
8. In this INCOTERM the seller assumes the cost and the international air freight until the
destination agreed with the buyer _CFR_
9. In this INCOTERM is the buyer´s responsibility to choose the shipping Company, pay the
international freight and international insurance and notify the seller __FCA___
10. In this Incoterm the seller assumes the cost and international freight but not the international
insurance _____CPT_______

True or false

11. In the DAP INCOTERM the buyer is responsible for paying taxes and doing customs issues
____F_____
12. In the INCOTERM FOB the seller is responsible for doing the export process ____F___

13. In the CFR INCOTERM the seller is responsible for paying taxes and doing customs issues
____T_____
14. In the INCOTERM CFR the seller is responsible for doing the export process _T__
15. In the INCOTERM FCA the buyer assumes the cost of the international freight and
international insurance _F__
16. In the INCOTERM CIF is the seller´s responsability to provide the buyer all the supporting
documents for the export process _T_
17. The INCOTERM FOB includes the unloading costs in the port of destiny agreed with the
buyer _F_
18. In The INCOTERM FCA the sellers transfer the responsibility to the buyer when he delivers
the cargo to the carrier __F__
19. If I am a colombian exporter, is it posible to export FOB, La Paz-Bolivia _T_
20. If I am a colombian exporter can I negotiate CIF International Tokyo Airport __F__
21. If I am a colombian exporter is it correct to send my client a quote FOB, Bogotá _F_
22. Is it correct to say I am exporting CIP International Miami Airport _T_