chaptr 2.Trade Terms.ppt

2005-9-13 SEIB of GDUFS International Trade Terms 2.1 Three sets of rules Warsaw-Oxford Rules 1932 Revised American Foreign Trade Definitions 1941 International Rules for the Interpretation of Trade Terms 2000 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) 6 variants of FOB FOB (named inland carrier at named inland point of departure) FOB (named inland carrier at named inland point of departure) Freight Prepaid to (named point of exportation) FOB (named inland carrier at named inland point of departure) Freight Allowed to (named point of exportation) FOB (named inland carrier at named inland point of exportation) FOB Vessel (named port of shipment) ≈ Incoterms’ FOB FOB (named inland point in country of importation) CF (Cost and Freight) CIF (Cost, Insurance and Freight) Ex Dock (Named Port of Importation) International Rules for the Interpretation of Trade Terms 2000 (Incoterms 2000) 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 Incoterms 2000 includes 13 terms under 4 groups 2.2 Basics of Incoterms 2000 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 Deliver