UNIT2TRADETERMstudentversion资料.ppt

Definition: trade terms price terms/delivery terms are an important part of a unit price in international trade, standing for specific obligations of the buyer and the seller. Examples: US$750 per dozen CIF New York AUD$1000 per M/T FOB SHANGHAI Warsaw-Oxford Rules 1932 Initially in 1928---“Warsaw Rules, 1928” 22 provisions governing the rights and obligations of the parties to a sale of goods on CIF Cost, Insurance and Freight contract terms. Revised in 1932---the “Warsaw-Oxford Rules 1932” 21 provisions again mainly about CIF Revised American Foreign Trade Definitions 1941 Defines 6 terms: Ex Point of Origin FOB free on board FAS free along side CF Cost and Freight CIF Cost, Insurance and Freight Ex Dock Named Port of Importation International Rules for the Interpretation of Trade Terms 2010 1936--- first created by International Chamber of Commerce ICC The purposes of incoterms: To give the businessmen a set of international rules for the interpretation of the most commonly used trade terms To clarify the obligations of the buyer and the seller To simplify the contract negotiations To save time and cost Revised in 1953、1967、1976、1980、1990、2000 、2010 Basics of Incoterms 2010 2.2.1 Scope of Governance Parties involved: concerning only 2 parties -- seller buyer Document applied: only to the contract of sale Specific aspects governed: only settle matters concerning the delivery of tangibles goods sold Focusing only on the delivery of tangible goods Delivery also indicating the transfer of obligations, cost and risk distribution between the parties 2.2.1 Scope of Governance Obligation Obligation -- a legal duty to do something according to a certain agreement. universally accepted obligation, eg: the seller -- provide goods in conformity with the contract The buyer -- pay the price as stipulated in the contract other obligations: handle the customs clearance, carriage of goods, insurance 2.2.1 Scope of Governance Cost local and oversea