CareerExpressBusinessEnglish教程.ppt

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 more important than ever to consider carefully about each formality in international trade. 5. China mostly uses FOB or FCA terms in its import trade, while in export trade, China strives for CIF or CIP to finalize a deal. Section II UCP 600 Listening Letter of credit L/C a letter from a bank that allows you to get a particular amount of money from another bank. ICC International Chamber of Commerce 1. letter of credit 2. Commerce 3. 70% 4. standardized 5. interpretations 6. compliance 7.25 of October, 2006 8.and hopefully reduce documentary discrepancy rates and the associated financial risks 9. it will be interesting to discover what will be adopted easily and which of the articles will prove contentious 10. if the ICC has been successful in reducing documentary discrepancy rates Section II UCP 600* In May 2003, the International Chamber of Commerce authorized the ICC Commission on Banking Technique and Practice (Banking Commission) to begin a revision of the Uniform Customs and Practice for Documentary Credits, ICC Publication 500. This is the sixth revision of the rules since they were first promulgated in 1933. (p.7) 2003年5月国际商会授权国际商会银行委员会开始修订跟单信用证统一惯例第500号出版物。这是这一惯例自1933年颁布以来的第六次修订。 Words: promulgate: put into effect officially e.g.: The parliament promulgates a decree 公布法令 The parliament is considering promulgating a law to protect copyright. p.7 ICC,