《国际商贸》英语Chapter 3 Trade Terms.ppt

Chapter 3 Trade Terms International Trade Terms Meaning of trade terms Role of international trade terms International trade usages Meaning of International Trade Terms Definition: trade terms (price terms/delivery terms) are an important component of a unit price in international trade, standing for specific obligations of the buyer and the seller. They are abbreviations used to indicate the formation of the unit price and determine the responsibilities, expenses and risks borne by two parties as well as the time of the passing of the property in the goods. Examples: US$750 per dozen CIF New York US$1000 per M/T CFR Marseille Role of International Trade Terms Naming the exact point at which the ownership of the merchandise is transferred from the seller to the buyer. Defining the responsibilities and expenses of both the seller and the buyer. Simplifying negotiations Saving time and cost Responsibilities and Expenses Responsibilities include: Carrying out customs formalities for the goods Obtaining the import or export license Chartering a ship or booking shipping space Making insurance Asking for inspection Expenses comprise: Freight Loading and unloading expenses Insurance premium Warehouse charges Duties and taxes Miscellaneous expenses International Trade Usages Warsaw-Oxford Rules 1932 Revised American Foreign Trade Definitions 1941 International Rules for the Interpretation of Trade Terms Warsaw – Oxford Rules 1932 Warsaw Rules 1928 Contains 22 clauses concerning CIF contracts Warsaw Rules 1932 Based on Warsaw Rules 1928, contains 21 clauses concerning the nature, risks and expenses borne by both the seller and the buyer. Still in use. Revised American Foreign Trade Definitions 1941 Originally The US Export Quotations and Abbreviations 1919 Revised and renamed in 1941 Six trade terms: Ex Port of Origin, Ex Dock, Free on Board, Free Along Side, Cost Freight, Cost, Insurance and Freight. Applicable in the USA, Canada