国际贸易术语InternationalTradeTerms.pptVIP

International trade terms EUR500.00 per M/T FOB Shanghai T-shirt…at USD3.50/pc. CIF New York ? Why International trade terms are needed Each transaction involves numerous procedures including customs clearance, transportation, insurance, inspection and so forth. Each procedure must be completed by either the seller or the buyer. There must be a clear specification regarding the following issues: Responsibilities and costs There must be no ambiguity in the interpretation by either party of the terms, particularly in costs and expenses. Otherwise, problems or disputes will be caused.