INCOTERMS 2020 QUIZ

MEMBERS:

Juliana del Pilar Chancafe Incio

Rodrigo Saenz Paucar

Paula Reategui Torres

PLEASE ANSWER THE FOLLOWING QUESTIONS:

1. Explain the differences and similarities between the following incoterms:

FOB & CFR

SIMILARITIES DIFERENCES

   

CFR & CIF

SIMILARITIES DIFERENCES

DPU & DDP

SIMILARITIES DIFERENCES

   

2. You receive an export order with the Incoterm CIF New York Airport. How would
you respond? Would you recommend another incoterm? -

3. Please explain the differences between de 4 groups of Incoterms.

4. Who pay the insurance and freight in a CFR incoterm? And who is going to pay
the insurance and freight if we use a CIP incoterm?
5. We have an importation to Peru of 10000 kg. of beans packaged in bags of 20 kgs
each one. The products come from Massachusetts (USA), and we manage the following
information:

a) Price per kg. in the warehouse of the seller: 10 USD

b) Price per Bag in the warehouse of the seller: 1 USD
c) Freight from warehouse of the seller to custom warehouse: 100 USD
d) Freight from the custom warehouse to port of New York 150 USD
e) Load Expenses on the vessel 250 USD
f) Maritime freight New York – Callao 1600 USD
g) Insurance by the international transport New York – Callao 50 USD
h) Custom New York 100 USD
i) Bill of lading prepaid 40 USD

Please calculate:

● EXW Massachusetts
● FCA internal port
● FOB New York
● CFR Callao
● CIF Callao