L4M8 is the CIPS exam Procurement and Supply in Practice. Paid practice material for this exam is not available yet, but you can try its free sample questions.
Taken from the free sample set for L4M8.
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination. As soon as the goods are on the vessel, the risk transfers to the buyer
FOB – Free On Board
DAP – Cost and Freight
CIF – Cost Insurance and Freight
Correct answer: A
Which Incoterm applies here?
The supplier is responsible for delivering the goods directly onto the vessel that will transport them to their named destination and must also cover the cost of this. The supplier bears all risks until the goods are delivered to the buyer at their named place.
FOB – Free On Board
DAP – Cost and Freight
CIF – Cost Insurance and Freight
Correct answer: B