CPSM Exam 2 Terms -Complete Exam Questions
with Correct Detailed Answers | 100% Guaranteed
Pass | Latest & Updated Version
This guide contains complete exam questions with correct, well-explained answers, carefully
compiled to reflect the type of material commonly tested in exams. The structured format
allows students to revise faster, understand concepts better, and strengthen their exam
readiness.
Each answer is accompanied by clear and detailed explanations to ensure you not only know
the correct response but also understand the reasoning behind it.
What You Will Get
✔ Complete exam questions covering major topics
✔ Correct answers with detailed explanations
✔ Clear and well-organized formatting for easy study
✔ Coverage of frequently tested concepts
✔ Latest updated content for current exam preparation
✔ Designed to help improve understanding and confidence
Why This Study Guide Stands Out
This resource is perfect for students who want to study efficiently and maximize their chances
of success. By practicing with complete exam questions and reviewing detailed answers, you
can quickly identify important topics and reinforce your knowledge before the exam.
Ideal For
• Final exam preparation
• Midterm revision
• Quick concept review
• Self-study practice
• Strengthening exam confidence
, A trusted and practical study companion designed to help students prepare effectively
and achieve strong exam results.
EXW -ANSWER Exworks. Worst for Buyers. Good for all Modes. Buyer takes risk
immediately.
FCA -ANSWER Free Carrier-Good for all modes. Main carriage not paid by seller.
FAS -ANSWER Free Alongside Ship. Water only. Main carriage not paid by seller.
FOB -ANSWER Free on Board. Water. Main carriage not paid by seller.
CFR -ANSWER Cost and freight. Water, Main carriage paid by seller.
CIF -ANSWER Cost and Insurance and Freight. Water. Main carriage paid by seller.
CPT -ANSWER Carriage Paid To. Good for all. Main carrriage paid by seller.
CIP -ANSWER Carraige and Insurance Paid To. All. Main carriage paid by seller.
DAF -ANSWER Delivered at Frontier. All. Risk is at the border.
DES -ANSWER Delivered Ex Ship. Water. Seller at risk until named port of destination.
,DEQ -ANSWER Delivered Ex Quay. Water. Seller at risk at wharf of port.
DDU -ANSWER Delivered Duty Unpaid. All. Named place of destination and buyer pays
duties.
DDP -ANSWER Delivered Duty Paid. All. Best for Buyers. Door to Dorr.
Bill of Lading -ANSWER Cargo Receipt and contract between shipper and carrier. Export.
Transmittal Letter -ANSWER Record of all documents. Export.
Letter of Credit -ANSWER Document that assures seller that payment will be made.
Export.
Certificate of Origin -ANSWER Statemenyt of where the goods were produced. Export.
Commercial Invoice -ANSWER Bill of goods to the buyer. Export.
Dock Receipt -ANSWER Transfers responsibility between the international and domestic
carrier.Export.
Delivery Instructions -ANSWER Directives for delivery. Export.
Insurance Certificate -ANSWER Proof in insurance while goods are in transit. Export.
, Export Declaration -ANSWER Rrequired Government document to track exports for
statistics. Export.
Consular invoice -ANSWER control document to identify goods shipped to other
countries. Export.
Arrrival notice -ANSWER declares expected arrival. Import.
Delivery Order -ANSWER Authority from one carrier to a another inland carrier. Import.
Customs Entries -ANSWER Multiple Documents that describe shipped merchandise,origin
and duties, Import.
Freight Release -ANSWER Says all freight has been paid. Import.
Carrier's certifcate and release order -ANSWER Certificate of ownership. Import.
Special Customs Invoice. -ANSWER Official government form showing the value. Import.
Basing Point -ANSWER Point where Rates to another destination are computed.
Cartage -ANSWER Local hauling in same city
Charge Backs -ANSWER costs assumed by carrier for independent contractors to be
charged back later.
with Correct Detailed Answers | 100% Guaranteed
Pass | Latest & Updated Version
This guide contains complete exam questions with correct, well-explained answers, carefully
compiled to reflect the type of material commonly tested in exams. The structured format
allows students to revise faster, understand concepts better, and strengthen their exam
readiness.
Each answer is accompanied by clear and detailed explanations to ensure you not only know
the correct response but also understand the reasoning behind it.
What You Will Get
✔ Complete exam questions covering major topics
✔ Correct answers with detailed explanations
✔ Clear and well-organized formatting for easy study
✔ Coverage of frequently tested concepts
✔ Latest updated content for current exam preparation
✔ Designed to help improve understanding and confidence
Why This Study Guide Stands Out
This resource is perfect for students who want to study efficiently and maximize their chances
of success. By practicing with complete exam questions and reviewing detailed answers, you
can quickly identify important topics and reinforce your knowledge before the exam.
Ideal For
• Final exam preparation
• Midterm revision
• Quick concept review
• Self-study practice
• Strengthening exam confidence
, A trusted and practical study companion designed to help students prepare effectively
and achieve strong exam results.
EXW -ANSWER Exworks. Worst for Buyers. Good for all Modes. Buyer takes risk
immediately.
FCA -ANSWER Free Carrier-Good for all modes. Main carriage not paid by seller.
FAS -ANSWER Free Alongside Ship. Water only. Main carriage not paid by seller.
FOB -ANSWER Free on Board. Water. Main carriage not paid by seller.
CFR -ANSWER Cost and freight. Water, Main carriage paid by seller.
CIF -ANSWER Cost and Insurance and Freight. Water. Main carriage paid by seller.
CPT -ANSWER Carriage Paid To. Good for all. Main carrriage paid by seller.
CIP -ANSWER Carraige and Insurance Paid To. All. Main carriage paid by seller.
DAF -ANSWER Delivered at Frontier. All. Risk is at the border.
DES -ANSWER Delivered Ex Ship. Water. Seller at risk until named port of destination.
,DEQ -ANSWER Delivered Ex Quay. Water. Seller at risk at wharf of port.
DDU -ANSWER Delivered Duty Unpaid. All. Named place of destination and buyer pays
duties.
DDP -ANSWER Delivered Duty Paid. All. Best for Buyers. Door to Dorr.
Bill of Lading -ANSWER Cargo Receipt and contract between shipper and carrier. Export.
Transmittal Letter -ANSWER Record of all documents. Export.
Letter of Credit -ANSWER Document that assures seller that payment will be made.
Export.
Certificate of Origin -ANSWER Statemenyt of where the goods were produced. Export.
Commercial Invoice -ANSWER Bill of goods to the buyer. Export.
Dock Receipt -ANSWER Transfers responsibility between the international and domestic
carrier.Export.
Delivery Instructions -ANSWER Directives for delivery. Export.
Insurance Certificate -ANSWER Proof in insurance while goods are in transit. Export.
, Export Declaration -ANSWER Rrequired Government document to track exports for
statistics. Export.
Consular invoice -ANSWER control document to identify goods shipped to other
countries. Export.
Arrrival notice -ANSWER declares expected arrival. Import.
Delivery Order -ANSWER Authority from one carrier to a another inland carrier. Import.
Customs Entries -ANSWER Multiple Documents that describe shipped merchandise,origin
and duties, Import.
Freight Release -ANSWER Says all freight has been paid. Import.
Carrier's certifcate and release order -ANSWER Certificate of ownership. Import.
Special Customs Invoice. -ANSWER Official government form showing the value. Import.
Basing Point -ANSWER Point where Rates to another destination are computed.
Cartage -ANSWER Local hauling in same city
Charge Backs -ANSWER costs assumed by carrier for independent contractors to be
charged back later.
