国际贸易专业术语练习

I. Translate the following expressions (30%) 94 POIONTS

1.Actual delivery

2.象征性交货

3.clear the goods for export

4.customs clearance

5. 发货

6.风险转移

7.Unloading

8.货装船上

9. 装货10. 卸货费

11.Physical deliver 12.国际惯例

13.FOB liner terms 14.shipping advice

15. CIF liner terms

II. True or False (mark T or F for each sentence 50%)

1. Trade terms can be called price terms because they stand for the price component.

2. EXW in Incoterms 2000 is the trade term under which the obligations and costs borne by and risks of the seller are minimum.

3. The DDP should not be used if the seller is unable to obtain import license directly or indirectly.

4. Generally speaking, under FOB in Incoterms 2000, it is the seller’s

responsibility to apply for the export license and pay the export duty.

5. Under FOB San Francisco, San Francisco is the port of destination.

6. Under CIF, cargo insurance is to be effected by the buyer.

7. The buyer has more responsibilities, costs and risks when using FOB

than using CIF.

8.The “D”-terms mean arrival contracts, while the “C”-terms evidence

departure (shipment) contracts.

9. A unit price consists of four parts: currency unit, unit price figure,

measuring unit and price terms.

10.Sea transport is the most important mode of transport in international

trade now.

11.The notice of shipment under CFR is very important, because the

buyer will take out insurance upon receipt of the notice.

12.FOB, interpreted in any sense, always requires the seller to handle the

export customs formalities.

13.FCA and CPT have one thing in common that the seller delivers

when the goods are handed over to the first carrier nominated by the buyer.

14. Both CIP and CPT should be followed by named port or place of destination.

15. Since under CFR the risk will be transferred when the goods are

delivered, the seller will not hold any responsibility if the buyer finds the goods not in conformity with the contracted specifications.

16.According to the Incoterms 2010 under DA T the buyer is not

responsible for unloading the goods the vessel.

17.All the C group terms require the seller to bear the main costs of

carriage and risk during the transport.

18.Under CIF the seller has to purchase insurance, therefore he has to

bear the risk during the ocean transport.

19.All the D group terms are arrival contract terms and they all indicate actual delivery.

20.DAP requires the seller to clear the goods for export and import.

21.DAP requires the seller to unload the goods at the named place of destination.

22.Incoterms CIF, CPT, DAT and DAP require the Seller to carry out insurance.

23.The Incoterms® rules describe mainly the tasks, costs and risks involved in the delivery of goods from sellers to buyers.

24.Under the Incoterms rule CPT, CIP, CFR, CIF, the named place is the place of delivery.

25.Under DAT, the Seller accomplishes its obligation of delivery when the goods are placed under the buyer’s disposal unloaded from the arriving vehicle

III. Choose the best answer (20%)

1.There are altogether ______ terms defined respectively by the Incoterms

2000 & 2010.

A. 11, 13

B. 9, 11

C. 12, 13

D. 13, 11

2.Among all the Incoterms ______ imposes the minimum obligation and

cost to the seller.