homework for trade terms - 上传版.docVIP

Ⅰ. Put T for true or F for false in the corresponding blanks on your answer sheet. 1.（T ）According to INCOTERMS 200, under FOB contract, the buyer has no obligation to contract for insurance and pay the insurance premium. 2.（ F ）According to INCOTERMS 200, under CIF contract, the seller must procure marine insurance, while under CFR contract, it is a common practice that the buyer contracts for insurance and pays the insurance premium. So under the CIF contract, the goods are seller’s risk during the internaitonal marine transport, while under the CFR contract, it is the buyer who should bear the risk of loss of or damage to the goods during the internaitonal marine transport. 3.（ F ）nder CIF contract, the seller would better ship the goods before the time of shipment stipulated in the contract for fear of the loss of late arrival of the goods to the buyer. 4.（ F ）.（ T ） According to INCOTERMS 200, under EXW contract, the sellr’s obligation is minimum. 6.（ F ）According to INCOTERMS 200, under CIF contract, the seller has no obligation to give the buyer prompt shipping advice after the goods are shipped on board the vessel, because the seller has insured the goods for the buyer before shipment. 7.（ F ）According to INCOTERMS 200, if the seller exports ceramics using CIF term, he must insure the goods against All Risks plus Risk of Clash and Breakage. 8.（ F ）According to INCOTERMS, under CIF Liner Terms Hamburg, the buyer must pay the discharging fees in the port of destination. .（ T ）According to INCOTERMS 200, if the seller is not requested to pay for export clearing customs, the term should be EXW. 10.（ F ）According to INCOTERMS 200, we must stipulate the time of shipment (or the time of delivery) in the contract of CIF. But we must stipulate both the time of shipment (or the time of delivery) and the time of arrival in the contract of CIP. 11.（ T ）According to INCOTERMS 200, CIF is the term when the goods are delivered with all the charges u