INCOTERMS - 2010

Gap-fill exercise

Fill in all the gaps from the drop-down menu.
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Incoterms 2010 ==> for Sea and Inland Waterway Transport only
- Seller must pay the costs and freight to bring the goods to the port of destination.However, risk is transferred to the buyer once the goods have crossed the ship's rail. ==>
- Exactly the same as CFR except that the seller must in addition procure and pay for insurance for the buyer. ==>
- The seller must place the goods alongside the ship at the named port. The seller must clear the goods for export. ==>
- The seller must himself load the goods on board the ship nominated by the buyer, cost and risk being divided at ship's rail.The seller must clear the goods for export. ==>

Incoterms 2010 ==> for any Mode of Transport
- Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier. ==>
- Under ==> , delivery is when the seller puts the goods at the disposal of the buyer at a named place, on a vehicle ready for unloading.
- Delivery under ==> takes place when the seller puts the goods at the disposal of the buyer unloaded at the named terminal.
- The term ==> means that the seller pays for all transportation costs and bears all risk until the goods have been delivered and pays the duty. Also used interchangeably with the term "Free Domicile".
- The seller makes the goods available at his premises. The buyer is responsible for all charges. This trade term placesthe greatest responsibility on the buyer and minimum obligations on the seller. ==>
- The seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place. ==>