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Week 2 Revision: Exercise 5 1. Trade terms are short noun phrases and several English abbreviations to explain obligation division between the buyer and the seller on certain price foundation. 2. Trade terms have duality. On one hand, they are important ingredients of the unit price of the goods, and on the other hand, they stand for the delivery terms. 3. Adopting what kind of trade terms not only relates to the bilateral benefit of the buyer and the seller, but also to whether an agreement can be continued smoothly. 4. At present, export profit is not a success in general , therefore it is