Multiple choice questions:

Using Incoterms 2010 you have to find the right Incoterms for each negotiation.

You are employed by IT Imports from Peterborough, Ontario Canada. Your company is going to import wind turbines, from Solar Items Co. located in Taipei, Taiwan.

Shipping Instructions:

• The goods are to be shipped from The Solar Items Co. by Taipei Trucking to the port of Keelung, Taiwan, where they will be loaded on the ship SS FORMOSA for ocean voyage to Tacoma Washington U.S.A.
• From Tacoma, the goods will go by CN Rail to Toronto Intermodal Terminal, crossing at the Detroit /Windsor border.
• From Toronto they will be brought by Overland Trucking to Peterborough.

You (THE IMPORTER) have to REQUEST THE QUOTATIONS using the correct INCOTERMS

You would like (THE EXPORTER) to quote you prices under the following circumstances:

(BASED ON THE BELOW NEGOTIATIONS, YOU HAVE TO DECIDE WHICH IS THE MOST SUITABLE INCOTERM FOR EACH REQUIREMENT)

1. You (buyer) want the exporter to deliver the goods insured to Tacoma Port, Washington U.S.A but you will accept all risks as soon as they are loaded on the ship SS FORMOSA

a)FOB

b)CPT

c)CIF

d)DAT

e)DAP

1. You (buyer) want the exporter to deliver the goods to Toronto Intermodal Terminal. You will arrange for insurance, and risk/cost will be transferred when the goods are delivered to Taipei Trucking.

a)CPT

b)CIP

c)DAT

d)DAP

e)FCA

1. You (buyer)want the goods beside the ship SS Formosa in Keelung, where you will accept all risk for the goods and pay for all transportation costs from Keelung to Peterborough

a)FOB

b)FAS

c)DES

d)DAT

e)DDP

1. You (buyer) want the exporter to deliver the goods not insured to CN Rail in Tacoma Washington. You will assume all risk when the goods pass the ship's rail as they are being loaded on the SS Formosa in Keelung Taiwan

a)CIF

b)DAP

c)CFR

d)DAT

e)FCA

1. You (buyer) want the goods delivered to Taipei Trucking in Taipei. You will accept risk for the goods once they are in possession of Taipei Trucking and you will make the necessary arrangements to bring them to Peterborough.

a)CIF

b)CPT

c)CIP

d)FCA

e)CFR

1. You (buyer) want the goods delivered insured to Toronto Intermodal Terminal, but you will assume risk for them once they are given to Taipei Trucking in Taiwan.

a)CIP

b)FCA

c)FOB

d)DAT

e)DAP

1. You (buyer) want the goods delivered unloaded on deck 123 at Port, in Tacoma, Washington, where you will accept the risk for them and make arrangements to bring them to Peterborough.

a)DAT

b)FAS

c)FOB

d)CIF

e)DAP

1. You (buyer) want the goods delivered to your warehouse in Peterborough, where you will assume risk for them. He (exporter ) will account for goods to Custom and pay for duties.

a)ExW

b)FCA

c)DAT

d)DAP

e)DDP

1. You (buyer) want the goods delivered loaded on the ship SS Formosa in Keelung, Taiwan. You will take responsibility for the goods when they pas the ship's rail as they are being loaded on the ship and make arrangements to bring them to Peterborough.

a)FOB

b)DAT

c)FCA

d)DAP

e)CFR

1. You (buyer) want the goods delivered at CN Rail in Tacoma Washington ready for unloading, where you will accept risk for the goods. You will pay for the unloading and subsequent delivery to Peterborough.

a)FOB

b)CIF

c)CFR

d)DAP

e)DAT

1. You (buyer) will assume risk for the goods in Taipei at Solar Items Co."s doc and pay for all transportation and costs

a)FAS

b)ExW

c)FCA

d)CIP

e)DAT