ACCA Applied Skills · Corporate and Business Law (Global) · Introduction to the UN Convention on Contracts for the International Sale of Goods and ICC Incoterms
Which Incoterms 2020 rule is designed for use only with sea and inland waterway transport, rather than for any mode of transport?
FOB is the sea and inland waterway rule. Delivery occurs when goods are on board the vessel, which makes sense only for waterborne carriage. CPT and DAP are suitable for any mode of transport, including multimodal transport and containerised cargo.
- ACPT
- BFOBCorrect
- CDAP
Explanation
FOB, along with FAS, CFR and CIF, is a sea and inland waterway rule. CPT and DAP can be used for any mode or modes of transport, including multimodal.
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