国际贸易实务英文版第二版周瑞琪2Trade Terms
最新国际贸易实务(英文版)(第二版)ppt周瑞琪2.Trade Terms培训资料
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2.2 Basics of Incoterms 2000
2.2.1 Scope of Governance
Parties involved: concerning only 2 parties -seller & buyer
Document applied: only to the contract of sale
and risk distribution between the parties
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2.2.1 Scope of Governance
Obligation
Obligation -- a legal duty to do something according to a certain agreement.
Specific aspects governed: only settle matters
concerning the delivery of tangibles goods sold
Focusing only on the delivery of tangible goods Delivery also indicating the transfer of obligations, cost
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Warsaw-Oxford Rules 1932
Initially 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.
国际贸易实务英文版第二版ppt周瑞琪2TradeTerms
To give the businessmen a set of international rules for the interpretation of the most commonly used trade terms
To clarify the obligations of the buyer and the seller To simplify the contract negotiations To save time and cost Revised in 1953、1967、1976、1980、1990、2000 Incoterms 2000 includes 13 terms under 4 groups
Ex Point of Origin FOB (free on board) FAS (free along side)
C&F (Cost and Freight) CIF (Cost, Insurance and Freight) Ex Dock (Named Port of Importation)
货交承运人(…指定地点) 船边交货( …指定装运港) 船上交货( …指定装运港)
Main Carriage paid
Cost and Freight (…named port of destination)
成本加运费( …指定目的港)
Cost, Insurance and Freight (…named port of destination)
13 terms into four categories
"E"-term—the seller only makes the goods available to the buyer at the seller's own premises.
国际贸易实务(周瑞琪等)-课后答案详解
国际贸易实务(英文版) International Trade Practice周瑞琪王小欧徐月芳编著Chapter twoIV. Short questions1.Who pays for loading for shipment under FOB?答:Seller.2.Who pays for unloading under CIF?答:Buyer.pare and contrast FOB, CFR and CIF?答:Similarities: a. Sel ler’s risk will be transferred to the buyer when the goods pass the ship’s rail. b. Seller is responsible for export customs formalities while buyer is responsible for import customs formalities. c. Buyer is responsible for unloading the goods at the port of destination. d. All three terms can only be used for waterway transportation. Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer’s risk.4.What are the two types of trade terms concerning the transfer of risks?答:Shipment contract terms vs. arrival contract terms. Under shipment contract terms s eller’s risk will be transferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms seller will bear the risk of the goods until the goods arrive the destination.5.What are the differences and similarities between CPT and CFR?答:Major similarities: a. seller should contract and pay for themajor carriage. b. Seller is not taking the risk of loss or damage to the goods during the transportation. Difference: a. CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the s hip’s rail.6.What are the differences and similarities between CIP and CIF?答:Major similarities: a. seller should contract and pay for the major carriage. b. Seller is not taking the risk of loss or damage to the goods during the transportation. c. Seller must obtain insurance against buyer’s risk. Difference: a. CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.7.If you trade with an American, is the sales contract subject to Incoterms without any doubt? What should you do?答:No. The Revised American Foreign Trade Definitions 1941 is still in use, especially among the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8.What are the most commonly used trade terms?答:FOB,CFR & CIF.9.Who is responsible for carrying out customs formalities for exports under an FOB contract?答:Seller. According to Incoterms 2000, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while buyer the import customs formalities.10.If a Chinese trader signs a FOB Hamburg contract, is he exporting or importing?答:Importing. FOB should be used with a “named port of shipment”, if Hamburg is the port of shipment, from the Chinese trader’s perspective, he is importing.V.Case Studies1. An FOB contract stipulated, "The shipment will be effected in March 2008. If the vessel fails to arrive at the port of shipment on time, the seller agrees to set aside the goods for additional 27 days, and the buyer will bear all costs of delay." it turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1. As a result, the seller refused to make the shipment.(1)Was the seller entitled to compensation for thewarehouse rent, insurance and interest due to the delay?(2)If the seller had sold the goods to a third party onApril 25, should the buyer pay for the delay?(3)If the seller had sold the goods to a third party onMay 1 with a better price, was he entitled to any compensation?析: a案例中提到“shipment will be effected in March 2008”,这种确定装运时间的方式允许在整个3月份期间的任何时间进行装运。
国际贸易实务英文第二周瑞琪Export Price
Export Price
3.1 Expression of export price
Four components in a standard format of a price:
A code of currency: USD, CAD,CNY, EUR, GBP A number indicating the price unit A unit for measuring quantity: kg, gr, m/t, yd, set A certain trade term: FOB, CFR, CIF
Examples:
USD225.30/piece CIF New York FOB Guangzhou EUR12.80/set
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Cost
Cost of production
Direct cost: material costs, labour costs, allocation of fixed costs, packing costs, etc.
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3.3 Calculation of price
Item Manufacturing cost + Export packaging (depending on mode of transport) + Profit margin – Discounts/rebates/volume discounts/sales commission = Selling price ex works (EXW) + Transport costs from plant to place of loading (train/truck) = Selling price free carrier (FCA) + Transport costs from place of loading to shipping port + Unloading at harbour + Transport insurance to shipping port = Selling price free alongside ship (FAS)
(完整版)国际贸易实务(周瑞琪等)_课后答案详解
国际贸易实务(英文版) International Trade Practice周瑞琪王小欧徐月芳编著Chapter twoIV. Short questions1.Who pays for loading for shipment under FOB?答:Seller.2.Who pays for unloading under CIF?答:Buyer.pare and contrast FOB, CFR and CIF?答:Similarities: a. Sel ler’s risk will be transferred to the buyer when the goods pass the ship’s rail. b. Seller is responsible for export customs formalities while buyer is responsible for import customs formalities. c. Buyer is responsible for unloading the goods at the port of destination. d. All three terms can only be used for waterway transportation. Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer’s risk.4.What are the two types of trade terms concerning the transfer of risks?答:Shipment contract terms vs. arrival contract terms. Under shipment contract terms s eller’s risk will be transferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms seller will bear the risk of the goods until the goods arrive the destination.5.What are the differences and similarities between CPT and CFR?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. Difference: a. CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the firstcarrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.6.What are the differences and similarities between CIP and CIF?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. c. Seller must obtain insurance against buyer’s risk. Difference: a.CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.7.If you trade with an American, is the sales contract subject to Incoterms withoutany doubt? What should you do?答:No. The Revised American Foreign Trade Definitions 1941 is still in use, especially among the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8.What are the most commonly used trade terms?答:FOB,CFR & CIF.9.Who is responsible for carrying out customs formalities for exports under an FOBcontract?答:Seller. According to Incoterms 2000, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while buyer the import customs formalities.10.If a Chinese trader signs a FOB Hamburg contract, is he exporting or importing? 答:Importing. FOB should be used with a “named port of shipment”, if Hamb urg is the port of shipment, from the Chinese trader’s perspective, he is importing.V.Case Studies1. An FOB contract stipulated, "The shipment will be effected in March 2008. If thevessel fails to arrive at the port of shipment on time, the seller agrees to set aside the goods for additional 27 days, and the buyer will bear all costs of delay." it turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1. As a result, the seller refused to make the shipment.(1)Was the seller entitled to compensation for the warehouse rent, insurance andinterest due to the delay?(2)If the seller had sold the goods to a third party on April 25, should the buyerpay for the delay?(3)If the seller had sold the goods to a third party on May 1 with a better price,was he entitled to any compensation?析:a案例中提到“shipment will be effected in March 2008”,这种确定装运时间的方式允许在整个3月份期间的任何时间进行装运。
国际贸易实务(周瑞琪等)-课后答案详解
国际贸易实务(英文版) International Trade Practice周瑞琪王小欧徐月芳编著Chapter twoIV. Short questions1.Who pays for loading for shipment under FOB?答:Seller.2.Who pays for unloading under CIF?答:Buyer.pare and contrast FOB, CFR and CIF?答:Similarities: a. Seller’s risk will be tran sferred to the buyer when the goods pass the ship’s rail. b. Seller is responsible for export customs formalities while buyer is responsible for import customs formalities. c. Buyer is responsible for unloading the goods at the port of destination. d. All three terms can only be used for waterway transportation. Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer’s risk.4.What are the two types of trade terms concerning the transfer of risks?答:Shipment contract terms vs. arrival contract terms. Under shipment contract terms seller’s risk will be tr ansferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms seller will bear the risk of the goods until the goods arrive the destination.5.What are the differences and similarities between CPT and CFR?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. Difference: a. CPT is applicable to any kind of transportation mode while CFR is only use d for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when thegoods pass over the ship’s rail.6.What are the differences and similarities between CIP and CIF?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. c. Seller must obtain insurance against buyer’s risk. Difference: a.CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.7.If you trade with an American, is the sales contract subject to Incoterms withoutany doubt? What should you do?答:No. The Revised American Foreign Trade Definitions 1941 is still in use, especially among the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8.What are the most commonly used trade terms?答:FOB,CFR & CIF.9.Who is responsible for carrying out customs formalities for exports under an FOBcontract?答:Seller. According to Incoterms 2000, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while buyer the import customs formalities.10.If a Chinese trader signs a FOB Hamburg contract, is he exporting or importing? 答:Importing. FOB should be used with a “named port of shipment”, if Hamburg is the port of shipment, from the Chin ese trader’s perspective, he is importing.V.Case Studies1. An FOB contract stipulated, "The shipment will be effected in March 2008. If thevessel fails to arrive at the port of shipment on time, the seller agrees to set asidethe goods for additional 27 days, and the buyer will bear all costs of delay." it turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1. As a result, the seller refused to make the shipment.(1)Was the seller entitled to compensation for the warehouse rent, insurance andinterest due to the delay?(2)If the seller had sold the goods to a third party on April 25, should the buyerpay for the delay?(3)If the seller had sold the goods to a third party on May 1 with a better price,was he entitled to any compensation?析:a案例中提到“shipment will be effected in March 2008”,这种确定装运时间的方式允许在整个3月份期间的任何时间进行装运。
国际贸易实务(英文版)(第二版)周瑞琪1Gerneral_int
Mostly consuming goods: cars, wines, shoes etc. Needs customs declaration
Invisible trade / intangible goods trade
services and technology Needs no customs declaration
and restrictions
Sources of information
Domestic organizations: Ministry of Commerce and its provincial committees
Overseas organizations: Chinese Embassy, the Local banks, the agent and the local newspaper / journal articles
trade realize the importance of contract
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Concept of international trade
International trade / world trade / foreign trade / overseas trade
If unable to apply or get the import and export licenses
The exporter needs to consider to do business under EXW term
The importer needs to consider to do business under DDP term
国际贸易实务 英文版 第二版 pt周瑞琪 Terms of Commodity
Issues concerning quality clause in sales contract:
adopting the right way avoiding double standard being clear, practical and reasonable making use of Quality Latitude or Tolerance making price adjustment when necessary inserting seller's protecting clause when necessary
compose quality, quantity and packing clauses
properly
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4.1 Name of commodity
Significance
CISG Article 35: The seller must deliver goods which are of the quantity, quality and description required by the contract and which are contained or packaged in the manner required by the contract
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4.2 Quality stipulation –Sale by description
Sale by origin
to use the name of the place of origin as the indication for quality
Example
国际贸易实务(英文版)(第二版)ppt周瑞琪4.Terms of Commodity
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Sony Televisions Haier Refrigerators Tigerhead batteries Panasonic Television, TH-42PV65C
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4.2 Quality stipulation –Sale by description
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4.2 Quality stipulation –Sale by description
Sale by standard
when specifications or grades are laid down and proclaimed in a unified way, they become standards. Example
4.2 Quality
Definition:
refers to the intrinsic elements of commodities including the internal properties or ingredients as well as the external appearance..
G.M.Q.:
the quality of the goods offered are sufficiently good to satisfy the purposes for use or consumption which are mutually understood by the buyer and the seller used sometimes as the bottom-line of quality requirement.
(完整版)国际贸易实务英文版第二版课后习题答案
III. Explain the following terms1. shipment contractShipment contract is a contract using an Incoterm which indicates that the delivery happens at the time or before the time of shipment.2. symbolic deliverySymbolic delivery is a delivery situation in which when the seller delivers the buyer does not physically receive the goods. This kind of delivery is proved by the submission of transport document by the seller to the buyer.3. arrival contractArrival contract means a contract using an Incoterm which indicates that the delivery happens when the goods arrive at the destination.4. actual deliveryActual delivery refers to a delivery situation in which when the seller delivers the buyer does physically receive the goods.IV. Short questions1. Who pays for loading for shipment under FOB ?The seller.2. Who pays for unloading under CIF?The buyer.3. Compare and contrast FOB, CFR and CIF?Similarities: a. The seller's risk will be transferred to the buyer when the goods are loaded on board, b. The seller is responsible for export customs formalities while the buyer is responsible for import customs formalities, c. The buyer is responsible for unloading the goods at the port of destination, d. All three terms can only be used for waterway transportation.Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer's risk.4. What are the two types of trade terms concerning the transfer of risks?Shipment contract terms vs. arrival contract terms. Under shipment contract terms the seller's risk will be transferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms the seller will bear the risk of the goods until the goods arrive at the destination.5. What are the differences and similarities between CPT and CFR?Major similarities: a. The seller should contract and pay for the major carriage. b. The seller is not taking the risk of loss of or damage to the goods during the transportation.Difference: a. CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport, b. Under CPT the seller's risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by the seller. Under CFR the seller's risk will be transferred when the goods are loaded on board the vessel.6. What are the differences and similarities between CIP and CIF?Major similarities: a. The seller should contract and pay for the major carriage. b. The seller is not taking the risk of loss of or damage to the goods during the transportation, c. The seller must obtain insurance against the buyer's risk.Difference: a. CPT is applicable to any kind of transportation mode while CFR is only used for seaway or inland waterway transport, b. Under CPT the seller's risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by the seller. Under CFR the seller's risk will be transferred when the goods are loaded on board the vessel.7. If you trade with an American, is the sales contract subject to Incoterms without any doubt? What should youdo?No. The Revised American Foreign Trade Definitions 1941 is still in use, especially in the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8. What are the most commonly used trade terms?FOB, CFR & CIF.9. Who is responsible for carrying out customs formalities for exports under an FOB contract?The seller. According to Incoterms 2010, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while the buyer the import customs formalities.10. If a Chinese trader signs an FOB Hamburg contract, is he exporting or importing?Importing. FOB should be used with a "named port of shipment", if Hamburg is the port of shipment, from the Chinese trader's perspective, he is importing.V. Case studies1. An FOB contract stipulated "The shipment will be effected in March 2011." When the goods were ready on 10March 201 l, the seller contacted the buyer for shipment details. The buyer faxed "Please send the goods to the port for loading on 21 March. The vessel will depart on 22 March." The seller sent the goods to the port accordingly. However the nominated vessel did not turn up and the goods had to be stored in the warehouse at the port. On the night of 21 March a fire happened in the warehouse area and part of the goods was damaged.When the vessel arrived two days later the seller and the buyer had an argument about the settlement of the loss. The seller required the buyer to bear the loss caused by the fire, but the buyer believed that the vessel arrived within the shipment period and the loss occurred before the seller delivered the goods therefore the seller should bear the loss. Please provide your solution.析:1)首先案例中提到货物发生了损失是由于货物存放在码头仓库期间发生火灾造成的。
国际贸易英文版教材
作者、书名、出版社、出版年份、目录Thomas A.Pugel. International Economics(15th). Renmin University of China p ress. 2012-12CONTENTSChapter 1 International Economics Is DifferentFour ControversiesEconomics and the Nation-StateThe Scheme of This BookPART ONE THE THEORY OF INTERNATIONAL TRADEChapter 2 The Basic Theory Using Demand and SupplyFour Questions about TradeA Look AheadDemand and SupplyCase Study Trade Is ImportantGlobal Crisis The Trade Mini-Collapse of 2009Two National Markets and the Opening of TradeChapter 3 Why Everybody Trades: Comparative Advantage 33Adam Smith’s Theory of Absolute AdvantageCase Study Mercantilism: Older Than Smith—and Alive TodayRicardo’s Theory of Comparative AdvantageRicardo’s Constant Costs and the Producti on-Possibility CurveFocus on Labor Absolute Advantage Does MatterExtension What If Trade Doesn’t Balance?Chapter 4 Trade: Factor Availability and Factor Proportions Are KeyProduction with Increasing Marginal CostsCommunity Indifference CurvesProduction and Consumption TogetherFocus on China The Opening of Trade and China’s Shift Out of AgricultureThe Gains from TradeTrade Affects Production and ConsumptionWhat Determines the Trade Pattern?The Heckscher–Ohlin (H–O) TheoryChapter 5 Who Gains and Who Loses from Trade?Who Gains and Who Loses within a CountryThree Implications of the H–O TheoryExtension A Factor-Ratio ParadoxDoes Heckscher–Ohlin Explain Actual Trade Patterns?Case Study The Leontief ParadoxWhat Are the Export-Oriented and Import-Competing Factors?Focus on China China’s Exports and ImportsDo Factor Prices Equalize Internationally?Focus on Labor U.S. Jobs and Foreign Trade 86Chapter 6 Scale Economies, Imperfect Competition, and TradeScale EconomiesIntra-Industry TradeMonopolistic Competition and TradeExtension The Individual Firm in MonopolisticOligopoly and TradeExtension The Gravity Model of TradeChapter 7 Growth and TradeBalanced versus Biased GrowthGrowth in Only One FactorChanges in the Country’s Willingness to TradeCase Study The Dutch Disease and DeindustrializationEffects on the Country’s Terms of TradeTechnology and TradeFocus on Labor Trade, Technology, and U.S. WagesPART TWO TRADE POLICYChapter 8 Analysis of a TariffGlobal Governance WTO and GATT: Tariff SuccessA Preview of ConclusionsThe Effect of a Tariff on Domestic ProducersThe Effect of a Tariff on Domestic ConsumersThe Tariff as Government RevenueThe Net National Loss from a TariffExtension The Effective Rate of ProtectionCase Study They Tax Exports, TooThe Terms-of-Trade Effect and a Nationally Optimal TariffChapter 9 Nontariff Barriers to ImportsTypes of Nontariff Barriers to ImportsThe Import QuotaGlobal Governance The WTO: Beyond TariffsGlobal Crisis Dodging ProtectionismExtension A Domestic Monopoly Prefers a QuotaVoluntary Export Restraints (VERs)Other Nontariff BarriersCase Study VERs: Two ExamplesCase Study Carrots Are Fruit, Snails Are Fish, and X-Men Are Not HumansHow Big Are the Costs of Protection?International Trade DisputesFocus on China China’s First Decade in the WTOChapter 10 Arguments for and against ProtectionThe Ideal World of First BestThe Realistic World of Second BestPromoting Domestic Production or EmploymentThe Infant Industry ArgumentFocus on Labor How Much Does It Cost to Protect a Job?The Dying Industry Argument and Adjustment AssistanceThe Developing Government (Public Revenue) ArgumentOther Arguments for Protection: Non=economic ObjectivesThe Politics of Protection The Basic Elements of the Political-Economic Analysis Case Study How Sweet It Is (or Isn’t)Chapter 11 Pushing ExportsDumpingReacting to Dumping: What Should a Dumpee Think?Actual Antidumping Policies: What Is Unfair?Case Study Antidumping in ActionProposals for ReformExport SubsidiesWTO Rules on SubsidiesShould the Importing Country Impose Countervailing Duties?Case Study Agriculture Is AmazingStrategic Export Subsidies Could Be GoodGlobal Governance Dogfight at the WTOChapter 12 Trade Blocs and Trade BlocksTypes of Economic BlocsIs Trade Discrimination Good or Bad?The Basic Theory of Trade Blocs: Trade Creation and Trade DiversionOther Possible Gains from a Trade BlocThe EU ExperienceCase Study Postwar Trade Integration in EuropeNorth America Becomes a BlocTrade Blocs among Developing CountriesTrade EmbargoesChapter 13 Trade and the EnvironmentIs Free Trade Anti-Environment?Is the WTO Anti-Environment?Global Governance Dolphins, Turtles, and the WTOThe Specificity Rule AgainA Preview of Policy PrescriptionsTrade and Domestic PollutionTrans-border PollutionGlobal Environmental ChallengesChapter 14 Trade Policies for Developing CountriesWhich Trade Policy for Developing Countries?Are the Long-Run Price Trends against Primary Producers?Case Study Special Challenges of TransitionInternational Cartels to Raise Primary-Product PricesImport-Substituting Industrialization (ISI)Exports of Manufactures to Industrial CountriesChapter 15 Multinationals and Migration: International Factor MovementsForeign Direct InvestmentMultinational EnterprisesFDI: History and Current PatternsWhy Do Multinational Enterprises Exist?Taxation of Mul tinational Enterprises’ProfitsCase Study CEMEX: A Model Multinational from an Unusual PlaceMNEs and International TradeShould the Home Country Restrict FDI Outflows?Should the Host Country Restrict FDI Inflows?Focus on China China as a Host CountryMigrationHow Migration Affects Labor MarketsShould the Sending Country Restrict Emigration?Should the Receiving Country Restrict Immigration?Case Study Are Immigrants a Fiscal Burden?APPENDIXESA The Web and the Library: International Numbers and Other InformationB Deriving Production-Possibility CurvesC Offer CurvesD The Nationally Optimal Tariff周瑞琪. International Trade Practice. University of International Business and Economics press. 2011.9CONTENTSChapter One General Introduction(第一章导论)1.1 Reasons for International Trade (国际间贸易的起因)1.2 Differences between International Trade and Domestic Trade (国际贸易与国内贸易的差异)1.3 Classification of International Trade(国际贸易的分类)1.4 Export and Import Procedures(进出口贸易的程序)1.5 Overview of This Book (本书的基本内容)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Specimens(单证样本)Chapter Two International Trade Terms(第二章国际贸易术语)2.1 Three Sets of Rules (三种贸易术语的解释规则)2.2 Basics of Incoterms 2010 (2010年国际贸易术语解释通则基本概念)2.3 Application Issues(贸易术语在使用中应注意的问题)2.4 Determinants of Choice of Trade Terms (贸易术语选用的决定因素)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Chapter Three Export Price(第三章出口商品的价格)3.1 Expression of Export Price(出口价格的表达)3.2 Pricing Considerations(影响定价的因素)3.3 Calculation of Price(价格的计算)3.4 Understanding the Price(价格的评估)3.5 Communication of Price(价格的沟通)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Chapter Four Terms of Commodity(第四章商品条款)4.1 Name of Commodity (商品的名称)4.2 Specifying Quality(商品的品质)4.3 Measuring Quantity(商品的数量)4.4 Packing and Marking(商品的包装及标志)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Chapter Five Cargo Transportation(第五章国际货物运输)5.1 Ocean Transportation (海洋运输)5.2 Other Modes of Transportation (其他运输方式)5.3 Transportation Documents(运输单据)5.4 Shipment Clause in the Sales Contract(销售合同中的装运条款)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Specimens(单证样本)Chapter Six Cargo Transportation Insurance(第六章货物运输保险)6.1 Fundamental Principles of Cargo Insurance(货物保险的基本原则)6.2 Marine Risks and Losses(海上风险和损失)6.3 Coverage of Marine Cargo Insurance of CIC(我国海上货物保险范围)6.4 Coverage of Marine Cargo Insurance of ICC(协会货物保险范围)6.5 Other Types of Cargo Insurance(其他货物保险的种类)6.6 Procedures of Cargo Insurance(货物保险程序)6.7 Insurance Terms in the Sales Contract(销售合同中的保险条款)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Specimens(单证样本)Chapter Seven International Payments(第七章国际货款支付)7.1 Issues in Concern(影响支付条件的因素)7.2 Paying Instruments(支付工具)7.3 Remittance(汇付)7.4 Collection(托收)7.5 Basics of Letter of Credit(信用证基础知识)7.6 Types of Documentary Credit(跟单信用证的种类)7.7 Letter of Guarantee(L/G)(保函)7.8 Export Financing(出口融资)7.9 Payment Problems(支付中出现的问题)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Specimens(单证样本)Chapter Eight Export Documentation(第八章出口单证)8.1 Significance of Documentation(单证的重要性)8.2 Basic Requirements for Documentation(单证的基本要求)8.3 Prerequisites of Documentation(制单的依据)8.4 Export Documents(出口单证的种类)8.5 Clause Concerning Documents in the Sales Contract(销售合同中有关单证的条款)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Specimens(单证样本)Chapter Nine Inspection, Claim, Force Majeure and Arbitration(第九章商检、索赔、不可抗力和仲裁)9.1 Commodity Inspection(商品检验)9.2 Disputes and Claims(争议和索赔)9.3 Force Majeure(不可抗力)9.4 Arbitration(仲裁)Summary(总结)Key Terms(主要术语)Abbreviations(缩略语)Exercises(练习)Key to Exercises(练习答案)Glossary(词汇表)Appendix 1INCOTERMS 2010 (FOB, CFR, CIF)(附录12010年国际贸易术语解释通则(FOB,CFR,CIF))Appendix 2CISG 1980 (Part II)(附录2联合国国际货物销售合同公约1980(第二部分)) References (参考书目)帅建林. International Trade Practice. University of International Business and Economics press. 2007.9CONTENTSPart 1 OverviewChapter 1 Introduction to International TradeChapter 2 International Trade PolicyChapter 3 Trade Bloc and Trade BlockChapter 4 WTO :A Navigation GuidePart 2 Terms of International TradeChapter 5 International Trade TermsChapter Terms of CommodityChapter International Cargo TransportChapter 8 Cargo InsuranceChapter 9 Terms of PriceChapter 10 International Payment and SettlementChapter 11 Claims, Force Majeure and ArbitrationPart 3 International Trade ProcedureChapter 12 Launching a Profitable TransactionChapter 13 Business Negotiation and Establishment of ContractChapter 14 Exporting ElementsChapter 15 Importing ElementsChapter 16 DocumentationPart 4 Trade FormsChapter 17 Agency, Distribution and ConsignmentChapter 18 TendersChapter 19 Counter TradeChapter 20 Futures TradingChapter 21 E-CommerceAppendix Glossary of International Trade Terms with English-Chinese InterpretationsBibliographyPaul R.Krugman & Maurice Obstfeld. International Economics:Theory andPolicy,8E. Tsinghua University press. 2011-11Contents前言第1章绪论第1部分国际贸易理论第2章世界贸易:概览第3章劳动生产率和比较优势:李嘉图模型第4章资源、比较优势和收入分配第5章标准贸易模型第6章规模经济、不完全竞争和国际贸易第7章国际要素流动第2部分国际贸易政策第8章贸易政策工具第9章贸易政策中的政治经济学第10章发展中国家的贸易政策第11章贸易政策中的争论数学附录第4章附录要素比例模型第5章附录贸易下的世界经济第6章附录垄断竞争模模型张素芳,International trade: theory and practice. University of International Business & Economics Press, Beijing, 2010contentsSection I. International Trade Theory and PolicyCHAPTER 1.INTRODUCTION TO INTERNATIONAL TRADE1.The Reasons for International Trade1.1. Resources reasons1.2. Economic reasons1.3. Other reasons2. The Differences between International Trade and Domestic Trade'.'2.1. More plex context2.2. More difficult and risky2.3. Higher skills required3.Basic Concepts Relating to International Trade3.1. Visible trade and invisible trade3.2. Favorable balance of trade and unfavorable balance oft rade3.3. General trade system and special trade system3.4. Volume of international trade and quantum of international trade3.5. Commodity position of international trade3.6. Geographical position of international trade3.7. Degree of dependence on foreign tradeCHAPTER 2.CLASSICAL TRADE THEORIES1.Mercantilism1.1. The development of mercantilist thought1.2. The mercantilist economic system1.3. Economic policies pursued by the mercantilists1.4. Discussions2.David Hume's Challenge to Mercantilism2.1. Assumptions of price-specie=flow mechanism2.2. The price-specie-flow mechanism3.Adam Smith's Theory of Absolute Advantage3.1. Assumptions of Adam Smith's theory of absolute advantage3.2. Challenge to Mercantilism3.3. Example4.David Ricardo's Theory of Comparative Advantage4.1. The concept of parative advantage4.2. Example4.3. Analysis of the theory of parative advantage by using modemtools. CHAPTER 3.NEOCLASSICAL TRADE THEORIES.1.Gains from Trade in Neoclassical Trade Theory1.1. Increasing opportunity costs on the PPF1.2. General equilibrium and gains in autarky1.3. General equilibrium and gains after the introduction of international trade ...2.Reciprocal Demand Theory2.1. A country's offer curve2.2. Trading equilibrium2.3. Measurement of terms of trade3.Factor Endowment Theory3.1. Factor intensity in production3.2. Factor endowments, factor prices, and parative advantage3.3. Assumptions of the factor proportions theory.,3.4. The Heckscher-Ohlin theorem.:3.5. An example to illustrate H-O theorem.3.6. The factor price equalization theorem:3.7. The Stolper-Samuelson theorem4.The Leontief Paradox——An Empirical Test of the Factor Proportions Theory 4.1. The Leontief paradox.-4.2. Suggested explanations for the Leontief Paradox and related theories CHAPTER 4.POST-HECKSHER-OHLIN THEORIES OF TRADE1.The Product Cycle Theory1.1. The imitation lag hypothesis1.2. The product cycle theory2.The Linder Theory2.1. Assumptions of the Linder theory2.2. Trade es in the overlapping ranges of products ophistication.:3.Intra-Industry Trade Theory3.1. Explanations of intra-industry trade3.2. Measurement of intra-industry tradeCHAPTER 5.IMPORT PROTECTION POLICY: TARIFFS1.Types of Import Tariffs1.1. In terms of the means of collection1.2. In terms of the different tariff rates applied1.3. In terms of special purposes for collection2.The Effects of Import Tariffs2.1. Concepts of consumer surplus and producer surplus2.2. The welfare effects of import tariffs3.Measurement of Import Tariffs3.1. The 'height' of import tariffs3.2. Nominal versus effective tariff ratesCHAPTER 6.IMPORT PROTECTION POLICY: NON-TARIFF BARRIERS''1.Forms of Non-tariff Barriers.1.1. Quantity control measures1.2. Price control measures1.3. Para-tariff measures1.4. Finance measures1.5. Anti-petitive measures.,.1.6. Miscellaneous measures2.Effects of Non-tariff Barriers2.1. The effects of an import quota2.2. The effects of a subsidy to an import-peting industryCHAPTER 7.EXPORT PROMOTION AND OTHER POLICIES1.Export Subsidy and Production Subsidy1.1. Export subsidy and its effects1.2. Production subsidy and its effects.2.Other Export Promotion Policies2.1. Devaluation of home currency.2.2. Commodity dumping2.3. Bonded warehouse2.4. Special trade zone2.5. Export promotion programs3.Export Restrictions and Import Promotion Policies3.1. Export restrictions policies3.2. Import promotion policies4.Trade Sanctions4.1. Introduction to trade sanctions4.2. Effectiveness of trade sanctionsCHAPTER 8.ARGUMENTS AGAINST FREE TRADE1.Traditional Arguments against Free Trade1.1. Infant industry argument.1.2. Terms of trade argument1.3. Balance of trade argument1.4. Tariff to reduce aggregate unemployment argument1.5. Fair petition argument1.6. National security argument2.New Protectionism2.1. Tariff to extract foreign monopoly profit2.2. Export subsidy in duopoly3.The Political Economy of Trade Policy3.1. Median voter model3.2. Collective action theory.3.3. Contribution in political campaignsCHAPTER 9.REGIONAL ECONOMIC INTEGRATIONof Regional Economic Integration1.1. Preferential tariff arrangement1.2. Free trade area1.3. Customs union1.4. Common market.1.5. Economic union2.The Static and Dynamic Effects of Regional Economic Integration2.1. Static effects of regional economic integration2.2. Dynamic effects of regional economic integration3.Economic Integration in Europe, North America and Asia3.1. Economic integration in Europe……………………………………Chapter 10 International Cargo Transportation InsuranceChapter 11 International Trade PaymentChapter 12 Inspection,Claim,Force Majeure and ArbitrationChapter 13 Trade Negotiation and Formation of the ContractChapter 14 Implementation of the Contract丹尼斯·R·阿普尔亚德 & 小艾尔弗雷德·J·菲尔德 & 史蒂文·L·科布.国际贸易.中国人民大学出版社. 2012-7第1章国际经济学的世界第一部分古典贸易理论第2章早期的国际贸易理论:由重商主义向大卫·李嘉图的古典贸易理论的演进第3章大卫·李嘉图的古典贸易理论和比较优势第4章对古典贸易模型的扩充及验证第二部分新贸易理论第5章新古典贸易理论——基本分析工具的介绍第6章新古典贸易理论中的贸易利得第7章贸易提供曲线和贸易条件第8章贸易的基础:要素禀赋理论和赫克歇尔俄林模型第9章要素禀赋理论的实证分析第三部分贸易理论的扩展第10章后赫克歇尔俄林贸易理论与产业内贸易第11章经济增长与国际贸易第12章国际要素流动第四部分贸易政策第13章贸易政策工具第14章贸易政策的影响第15章对干涉主义贸易政策的争论第16章经济的政治因素与美国的对外贸易政策第17章经济一体化第18章国际贸易与发展中国家参考文献当我被上帝造出来时,上帝问我想在人间当一个怎样的人,我不假思索的说,我要做一个伟大的世人皆知的人。
最新国际贸易实务英文版第二版课后习题答案解析
国际贸易实务英文版第二版课后习题答案解析------------------------------------------作者xxxx------------------------------------------日期xxxxIII。
Explain the following terms1. shipment contractShipment contract is a contract using an Incoterm which indicates thatthe delivery happens at the time or before the timeof shipment。
2。
symbolic deliverySymbolic delivery is a delivery situation in which when the seller delivers the buyer does notphysically rece ive the goods。
This kind of delivery is proved by t he submission oftransport document by the seller to the buyer。
3。
arrival contractArrivalcontract means a contract using an Incotermwhich indicates thatthe delivery happens when thegoods arrive at the destination.4. actual deliveryActual delivery refers to a delivery situation inwhich whenthe seller delivers the buyer does physi cally receive thegoods。
国际贸易实务(周瑞琪等)-课后答案详解
国际贸易实务(英文版) International Trade Practice周瑞琪王小欧徐月芳编著Chapter twoIV. Short questions1.Who pays for loading for shipment under FOB?答:Seller.2.Who pays for unloading under CIF?答:Buyer.pare and contrast FOB, CFR and CIF?答:Similarities: a. Sel ler’s risk will be transferred to the buyer when the goods pass the ship’s rail. b. Seller is responsible for export customs formalities while buyer is responsible for import customs formalities. c. Buyer is responsible for unloading the goods at the port of destination. d. All three terms can only be used for waterway transportation. Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer’s risk.4.What are the two types of trade terms concerning the transfer of risks?答:Shipment contract terms vs. arrival contract terms. Under shipment contract terms s eller’s risk will be transferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms seller will bear the risk of the goods until the goods arrive the destination.5.What are the differences and similarities between CPT and CFR?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. Difference: a. CPT is applicable to any kind of transportation mod e while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the firstcarrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the s hip’s rail.6.What are the differences and similarities between CIP and CIF?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. c. Seller must obtain insurance against buyer’s risk. Difference: a.CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.7.If you trade with an American, is the sales contract subject to Incoterms withoutany doubt? What should you do?答:No. The Revised American Foreign Trade Definitions 1941 is still in use, especially among the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8.What are the most commonly used trade terms?答:FOB,CFR & CIF.9.Who is responsible for carrying out customs formalities for exports under an FOBcontract?答:Seller. According to Incoterms 2000, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while buyer the import customs formalities.10.If a Chinese trader signs a FOB Hamburg contract, is he exporting or importing? 答:Importing. FOB should be used with a “named port of shipment”, if Hamburg is the port of shipment, from the Chinese trader’s perspective, he is importing.V.Case Studies1. An FOB contract stipulated, "The shipment will be effected in March 2008. If thevessel fails to arrive at the port of shipment on time, the seller agrees to set aside the goods for additional 27 days, and the buyer will bear all costs of delay." it turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1. As a result, the seller refused to make the shipment.(1)Was the seller entitled to compensation for the warehouse rent, insurance andinterest due to the delay?(2)If the seller had sold the goods to a third party on April 25, should the buyerpay for the delay?(3)If the seller had sold the goods to a third party on May 1 with a better price,was he entitled to any compensation?析:a案例中提到“shipment will be effected in March 2008”,这种确定装运时间的方式允许在整个3月份期间的任何时间进行装运。
国际贸易实务(英文版)(第二版)ppt周瑞琪3.Export Price
Export Price
3.1 Expression of export price
Four components in a standard format of a price:
A code of currency: USD, CAD,CNY, EUR, GBP
A number indicating the price unit
+ Costs for documents (ie delivery order)
= Selling price delivered ex-quay (DEQ)
+ Land transport costs to nominated destination
+ Full transport to destination
SEIB OF GDUFS
2
3.2 Pricing considerations
Cost
Cost of production
Direct cost: material costs, labour costs, allocation of fixed costs, packing costs,
4
3.3 Calculation of ce
Item Manufacturing cost + Export packaging (depending on mode of transport) + Profit margin – Discounts/rebates/volume discounts/sales commission = Selling price ex works (EXW) + Transport costs from plant to place of loading (train/truck) = Selling price free carrier (FCA) + Transport costs from place of loading to shipping port + Unloading at harbour + Transport insurance to shipping port = Selling price free alongside ship (FAS)
国际贸易实务版)周瑞琪
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第二章 国际贸易政策
贸易保护主义政策
01 02
定义与起源
贸易保护主义政策是一种经济政策,其目的是通过限制进口以保护国 内产业和工作岗位,并促进出口。该政策起源于15世纪的重商主义时 期。
供应链管理的发展趋势
1 2 3
供应链的数字化转型
随着物联网、大数据等技术的不断发展,供应 链管理正在逐步实现数字化转型,以提高供应 链的透明度和效率。
供应链协同与整合
随着市场竞争的加剧,企业需要加强供应链各 环节的协同与整合,以实现供应链的高效运转 和资源的优化配置。
绿色供应链的兴起
随着环保意识的不断提高,企业需要关注环保 问题,推动绿色供应链的发展,以实现经济效 益和环境效益的双赢。
绿色贸易的发展趋势
绿色贸易壁垒的设 置
环保技术的创新与 应用
为保护环境和促进可持续发展 ,各国正在逐步设置绿色贸易 壁垒,以限制对环境造成负面 影响的产品和服务的进口。
为推动绿色贸易的发展,企业 需要不断进行环保技术的创新 和应用,以降低生产过程中的 环境污染和对资源的浪费。
绿色供应链的普及
随着环保意识的普及和市场竞 争的加剧,企业需要关注环保 问题,推动绿色供应链的发展 ,以实现经济效益和环境效益 的双赢。
汇率风险是指因汇率波动导致企业收 益、成本或现金流发生变化的风险。 其来源主要包括外汇交易、国际结算 、跨国投资等。
预防措施
为降低汇率风险,企业可采取多种措 施,如使用对冲工具、调整外汇敞口 、选择有利货币结算等。此外,企业 还可以通过合同条款规定汇率调整条 款以降低汇率风险。
最新国际贸易实务(周瑞琪等)-课后答案详解
国际贸易实务(英文版) International Trade Practice周瑞琪王小欧徐月芳编著Chapter twoIV. Short questions1.Who pays for loading for shipment under FOB?答:Seller.2.Who pays for unloading under CIF?答:Buyer.pare and contrast FOB, CFR and CIF?答:Similarities: a. Sel ler’s risk will be transferred to the buyer when the goods pass the ship’s rail. b. Seller is responsible for export customs formalities while buyer is responsible for import customs formalities. c. Buyer is responsible for unloading the goods at the port of destination. d. All three terms can only be used for waterway transportation. Differences: a. FOB requires the buyer to arrange and pay for the ocean transportation; CFR requires the seller to arrange and pay for the ocean transportation; CIF requires the seller to arrange and pay for the ocean transportation and insurance against the buyer’s risk.4.What are the two types of trade terms concerning the transfer of risks?答:Shipment contract terms vs. arrival contract terms. Under shipment contract terms s eller’s risk will be transferred to the buyer before the goods depart from the place/port of shipment. Under arrival contract terms seller will bear the risk of the goods until the goods arrive the destination.5.What are the differences and similarities between CPT and CFR?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. Difference: a. CPT is applicable to any kind of transportation mod e while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the firstcarrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the s hip’s rail.6.What are the differences and similarities between CIP and CIF?答:Major similarities: a. seller should contract and pay for the major carriage. b.Seller is not taking the risk of loss or damage to the goods during the transportation. c. Seller must obtain insurance against buyer’s risk. Difference: a.CPT is applicable to any kind of transportation mode while CFR is only used for waterway transport. b. Under CPT seller’s risk will be transferred to the buyer when the goods are handed over to the first carrier nominated by seller. Under CFR seller’s risk will be transferred when the goods pass over the ship’s rail.7.If you trade with an American, is the sales contract subject to Incoterms withoutany doubt? What should you do?答:No. The Revised American Foreign Trade Definitions 1941 is still in use, especially among the North American area. It has different interpretation about some trade terms. The traders should clarify the choice of rules before any further discussion.8.What are the most commonly used trade terms?答:FOB,CFR & CIF.9.Who is responsible for carrying out customs formalities for exports under an FOBcontract?答:Seller. According to Incoterms 2000, except EXW and DDP these two terms, all the other eleven terms require the seller to handle the export customs formalities, while buyer the import customs formalities.10.If a Chinese trader signs a FOB Hamburg contract, is he exporting or importing? 答:Importing. FOB should be used with a “named port of shipment”, if Hamburg is the port of shipment, from the Chinese trader’s perspective, he is importing.V.Case Studies1. An FOB contract stipulated, "The shipment will be effected in March 2008. If thevessel fails to arrive at the port of shipment on time, the seller agrees to set aside the goods for additional 27 days, and the buyer will bear all costs of delay." it turned out that under the seller's repeated requests, the vessel named by the buyer finally arrived at the port of shipment on May 1. As a result, the seller refused to make the shipment.(1)Was the seller entitled to compensation for the warehouse rent, insurance andinterest due to the delay?(2)If the seller had sold the goods to a third party on April 25, should the buyerpay for the delay?(3)If the seller had sold the goods to a third party on May 1 with a better price,was he entitled to any compensation?析:a案例中提到“shipment will be effected in March 2008”,这种确定装运时间的方式允许在整个3月份期间的任何时间进行装运。
国际贸易实务英文二讲解周瑞琪InternationalPayment
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7.1 Issues In Concern
Who will bear the credit risk? In what currency the payment would be
made? What are the costs of each method of
payment? What might be the political or legal risks?
The party to whom B/E is addressed If sight draft, make payment If time draft, accs due Under L/C – the bank Under collection – the importer
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The content of a B/E (Specimen 7.1-7.4)
of exchange2 define the three basic terms of payment compare and contrast the characteristics of terms of payment identify the major parties involved in different payment
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Three parties concerned
Drawer (Exporter)
Bill of exchange
Payee (Exporter/ Exporter’s bank)
Money
Drawee/Payer (Importer/ Importer’s bank)
2021/4/9
methods state the stages involved in using a letter of credit explain the variations of documentary credit establish a basic understanding of export financing
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and risk distribution between the parties
SEIB of GDUFS
?the seller -- provide goods in conformity with the contract
?The buyer -- pay the price as stipulated in the contract
?other obligations: handle the customs clearance, carriage of goods, insurance
? Revised in 1953、1967、1976、1980、1990、2000 ? Incoterms 2000 includes 13 terms under 4 groups
SEIB of GDUFS
5
2.2 Basics of Incoterms 2000
2.2.1 Scope of Governance ?Parties involved: concerning only 2 parties --
? Ex Point of Origin ? FOB (free on board) ? FAS (free along side)
? C&F (Cost and Freight) ? CIF (Cost, Insurance and Freight) ? Ex Dock (Named Port of Importation)
SEIB of GDUFS
2
Warsaw-Oxford Rules 1932
?Initially 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.
? 6 variants of FOB
? FOB (named inland carrier at named inland point of departure) ? FOB (named inland carrier at named inland point of departure) Freight
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2.2.1 Scope of Governance
?Obligation
?Obligation -- a legal duty to do something according to a certain agreement.
?universally accepted obligation, eg:
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)
Chapter Two
International Trade Terms
2.1 Three sets of rules
?Warsaw-Oxford Rules 1932
?Revised American Foreign Trade Definitions 1941
?International Rules for the Interpretation of Trade Terms 2000
?Revised in 1932---the “Warsaw-Oxford Rules 1932”
?21 provisions again mainly about CIF
SEIB of GDUFS
3
Revised American Foreign Trade Definitions 1941
? Defines 6 terms:
seller & buyer ?Document applied: only to the contract of sale ?Specific aspects governed: only settle matters
concerning the delivery of tangibles goods sold
SEIB of GDUFS
4
International Rules for the Interpretation of Trade Terms 2000 (Incoterms 2000)ห้องสมุดไป่ตู้
? 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 terms
?To clarify the obligations of the buyer and the seller ?To simplify the contract negotiations ?To save time and cost