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international trade(world trade, foreign trade, overseas trade);description of commodity;quality tolerance;trade barrier;unit price;hard currency;cfs/container freight station;insurance coverage;insurer ;mode of transport;draft/bill of exchange ;demand draft (D/D);inspection certificate of quality;penalty;applicant; Experience has shown that the packing used in transportation of goods for home trade is not usually ___________ to foreign shipping. Most foreign shipping takes many weeks or months to reach its destination and frequently ___________ rough handling in loading and ___________. Therefore, packing must be strong enough. Of course, consideration must also be ___________ to packing cost and the weather conditions through which the ship sails en route and those in the country of ___________. Besides, the seller has to ___________ the shipment as lightly and compactly as possible in order to ___________ the freight charges. However, strength and appearance should not be___________ for a saving in freight.; Each country has its own ___________ and, since exchange rates are continuously changing, the exporter is faced with ___________. The danger is that the rate of exchange will change between the date of the ___________ and the date of payment. Rates of exchange can ___________ rapidly, particularly when there is no international ___________ to fix the rates for a particular currency. The banks can help the exporter to overcome this ___________ by providing forward exchange cover. Then it would be the bank which ___________ the loss if and when one currency falls in value, but he will make a profit if the currency ___________ in value.; The CIF contract is a type of contract which is more widely and more frequently in use than any other contracts used for ___________ of sea- borne business. A large number of ___________ are carried out every year under CIF contracts.
The seller’s obligations under CIF contract have been ___________ as follows:
(1) to ship
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