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International Trade TermsChapter Two第一页,共四十页。
2.1 Three sets of rulesWarsaw-Oxford Rules 1932Revised American Foreign Trade Definitions 1941International Rules for the Interpretation of Trade Terms 20002*第二页,共四十页。
Warsaw-Oxford Rules 1932Initially 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 CIF3*第三页,共四十页。
Revised American Foreign Trade Definitions 1941Defines 6 terms:Ex Point of OriginFOB (free on board)FAS (free along side) 6 variants of FOBFOB (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)4*第四页,共四十页。
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 termsTo clarify the obligations of the buyer and the sellerTo simplify the contract negotiations To save time and costRevised in 1953、1967、1976、1980、1990、2000Incoterms 2000 includes 13 terms under 4 groups5*第五页,共四十页。
2.2 Basics of Incoterms 20002.2.1 Scope of Governance Parties involved: concerning only 2 parties -- seller buyerDocument applied: only to the contract of saleSpecific aspects governed: only settle matters concerning the delivery of tangibles goods sold Focusing only on the delivery of tangible goodsDelive
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