CII M90 Practice Questions - Cargo And Goods In Transit Insurances (M90) Exam

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Why does the International Chamber of Commerce (ICC) strongly recommend FCA instead of FOB for containerised cargo shipments?

FCA allows the seller to retain risk until final destination Containerised goods are usually handed over to a carrier at a container terminal prior to being loaded on board ship FCA eliminates all customs duty obligations for international buyers FOB is only valid for air cargo transactions

Correct Answer:

Containerised goods are usually handed over to a carrier at a container terminal prior to being loaded on board ship

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