The Seller Delivers When the Goods, Once Uploaded from the Arriving

question 114

Multiple Choice

The seller delivers when the goods, once uploaded from the arriving means of transport, are placed at the buyer's disposal at a named terminal at the named port or place of destination."Terminal" includes any place, whether covered or not, such as quay, warehouse, container yard or road, rail, or air cargo terminal.The seller bears all risks involved in the bringing of goods to the unloading them at the terminal at the named port or place of destination.

• A)EXW
• B)FCA
• C)CPT
• D)CIP
• E)DAT

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Definitions:

Market Price

The price at which a product or service is sold in the open market.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the actual amount they spend, indicating the value gained by consumers.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a particular price point, within a specific time period.

Linear

A term used to describe relations or functions that graph as straight lines, representing constant rates of change.