FOB and CFR share one thing that ( ).
A. risk is transferred when the goods are loaded on board the vessel
B. the seller will be responsible for the unloading at the port of destination
C. they can be used in any mode of transport
D. none of the above
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Which of the following price is correct for international quotation?( )
A. $ 150.00 CIF Antwerp
B. GBP 100.00 per L/T FOB Shanghai
C. USD 150.00 per M/T
D. USD 150.00 per Ton
CIP INCOTERMS 2020 requires the seller to cover the goods with ( ) unless contracted otherwise.
A. at least the minimum cover of FPA as per CIC
B. at least the minimum cover of WPA as per CIC
C. ICC(A) clause
D. at least the minimum cover of ICC(C) clause
China's Company A exported on FCA Shanghai Airport, with shipment during August. A handed over the goods to the airline at Shanghai airport on August 31, and got the Airway Bill on the same day. The goods arrived at the destination on September 2. However, the prevailing market price for wrist watches began to decrease, thus the importer refused to take delivery for A's late delivery.( )Which of the following statements is correct?
A delivered the goods within contracted time.
B. The importer had to take delivery of the goods.
C. The importer should take delivery of the goods, and then claimed for A's late delivery.
D. The importer had the right to refuse to take delivery of the goods.
Which of the following prices is quoted for China's import?( )
A. EUR 15.00 per set FOB Antwerp
B. USD 15.00 per set CIP Xi'an, China
C. USD 15.00 per set FCA Los Angeles
D. USD 15.00 per set CIF Shanghai
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