Incoterms Exercise

• You are the seller.
• You are able to obtain an export licence and to arrange to clear the goods for export.
• You are able to deliver the goods to the named place.
• You are prepared to contract for the carriage and pay the freight for the goods to the agreed named place.
• You are not willing to bear all risks and costs of the goods until they are delivered to the buyer.
• The named destination is a not sea port.

Do you need to procure cargo insurance against the buyer's risk of loss or damage to the goods during the carriage?

Yes         No

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© 2004 John Michael Pierobon

Notes