CIPS L4M8 Exam - Topic 2 Question 23 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 23
Topic #: 2

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.

AFOB -- Free On Board

BDAP -- Cost and Freight

CCIF -- Cost Insurance and Freight

DAS -- Free Alongside Ship

Show Suggested Answer

Suggested Answer: A

by Laurel at Oct 19, 2023, 08:03 AM

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Marsha

6 months ago

Really? I thought it was AS, but I guess I need to double-check!

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My

6 months ago

I thought CIF included insurance, so it's not that.

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Loren

6 months ago

Wait, isn't DAP more about delivery to the destination?

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Brandon

7 months ago

Definitely FOB, supplier's got the risk until it's on board.

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Gilberto

7 months ago

Sounds like FOB to me!

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Tamra

7 months ago

I feel like this is definitely not AS, but I can't quite recall the differences between FOB and DAP clearly.

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Teri

7 months ago

I'm leaning towards CIF because it includes insurance and freight costs, but the wording about risks makes me hesitate.

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Omega

7 months ago

I remember practicing a question similar to this, and I think DAP could be a contender because it mentions the supplier covering costs until delivery.

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Daren

8 months ago

I think it might be FOB since the supplier delivers the goods onto the vessel, but I'm not entirely sure about the risk transfer part.

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Blair

8 months ago

This seems like a classic CIF scenario to me. The supplier is responsible for getting the goods on the ship and paying the freight, so CIF is the right Incoterm.

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Helga

8 months ago

I'm a bit confused on the differences between these Incoterms. The wording about the supplier covering the costs and risks makes me think it's either CIF or DAP, but I'm not 100% sure which one applies here.

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Jules

8 months ago

Hmm, I'm not totally sure about this one. The question mentions the supplier bearing all risks until delivery, which makes me think it could be FOB - Free On Board.

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Dorothy

8 months ago

I think this is a CIF - Cost, Insurance and Freight situation since the supplier is responsible for delivering the goods to the vessel and covering the costs.

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Merri

8 months ago

Okay, let me think this through. The supplier is delivering the goods directly to the vessel, so that rules out FOB. And they're covering the costs, not just the freight, so I'm going to go with CIF.

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Dulce

8 months ago

Okay, let me think this through. IT general controls are the controls that ensure the proper development, implementation, and monitoring of IT systems. I think the best answer here is B. Distribution controls.

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Florinda

8 months ago

The part about needing to update and reinstall the SSL certificate sounds tricky. Could it really restart the RDS instance? I'm a bit unsure on that.

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Arthur

8 months ago

I'm a bit confused by the wording here. What exactly are "agnostic services" and how do they impact staffing needs? I'll need to review my notes to make sure I understand the key concepts.

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Felix

8 months ago

Hmm, I'm a bit unsure about this one. I know there are different types of entities, but I can't quite remember the definitions off the top of my head. I'll have to think it through step-by-step.

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Krissy

1 year ago

As a professional logistics expert, I can say with certainty that the correct answer is C) CIF. The supplier is responsible for the full cost and risk until the goods reach the buyer's destination.

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Nickole

11 months ago

C) CIF -- Cost Insurance and Freight

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Meghann

11 months ago

B) DAP -- Cost and Freight

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Carin

12 months ago

C) CIF -- Cost Insurance and Freight

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Marva

12 months ago

A) FOB -- Free On Board

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Glory

12 months ago

B) DAP -- Cost and Freight

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Alex

12 months ago

A) FOB -- Free On Board

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Valentin

1 year ago

Ooh, tricky one! I'm going to go with C) CIF - I've used that one before and it sounds like it fits the description.

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Denise

11 months ago

User 3: I agree with Denise, CIF sounds like the right choice

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Stephen

12 months ago

User 2: I'm going with C) CIF - Cost Insurance and Freight

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Nadine

1 year ago

User 1: I think it's A) FOB - Free On Board

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Lynelle

1 year ago

Haha, I bet the person who wrote this question is a shipping nerd who loves to confuse everyone with Incoterms!

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Malcom

1 year ago

D) AS -- Free Alongside Ship

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Carmelina

1 year ago

C) CIF -- Cost Insurance and Freight

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Rene

1 year ago

A) FOB -- Free On Board

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Annice

1 year ago

I'm not sure about this one. The question mentions the supplier delivering the goods directly onto the vessel, which makes me think it could be B) DAP - Delivered At Place.

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Charlesetta

1 year ago

The answer is clearly C) CIF - Cost Insurance and Freight. The supplier is responsible for covering the cost of transportation and insurance until the goods are delivered to the buyer's named destination.

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Lili

1 year ago

That makes sense, the supplier is responsible for covering the cost of transportation and insurance until the goods are delivered to the buyer's named destination.

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