international trade term

1、 International Trade TermsMeaning of trade terms Role of international trade terms International Rules for the Interpretation of Trade TermsMeaning of international trade termsDefinition: trade terms (price terms/delivery terms) are an important component of a unit price in international trade, stan

2、ding 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 born by two parties as well as the time of the passing the property in the goods. examples: US$750 per dozen CIF Ne

3、w York FFR1000 per M/T CFR Marseille BLACKRole 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

4、and costResponsibilities 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

5、 premium Warehouse charges Duties and taxes Miscellaneous expensesBACKCommon Used Trade Terms 第一组：适用于任何运输方式的术语七种：第一组：适用于任何运输方式的术语七种：EXW、FCA、CPT、CIP、DAT、DAP、DDP EXW（ex works） 工厂交货工厂交货FCA（free carrier） 货交承运人货交承运人CPT（carriage paid to） 运费付至目的地运费付至目的地CIP（carriage and insurance paid to） 运费运费/保险费付保险费付至目的地至

6、目的地DAT（delivered at terminal） 目的地或目的港的目的地或目的港的集散站交货集散站交货DAP（delivered at place） 目的地交货目的地交货DDP（delivered duty paid） 完税后交货完税后交货 第二组：适用于水上运输方式的术语四种： FAS、FOB、CFR、CIF FAS（free alongside ship） 装运港船边交货FOB（free on board） 装运港船上交货CFR（cost and freight） 成本加运费CIF（cost insurance and freight) 成本、保险费加运费FCA: Free Ca

7、rrier (named place) 货交承运人货交承运人 The sellers obligations Provision of goods in conformity with the contract Licenses, official documents and customs formalities Clearing for export Delivery to the carrier Proof of delivery, transport document or equivalent electronic message Risks and costs before del

8、ivering goods to the carrierThe buyers obligations Payment for goods Contract of carriage and insurance Taking delivery Notice to the seller Risks and costs after the sellers delivering goods to the carrierCIF: Cost, Insurance and Freight (named port of destination) 成本、保险费加运费成本、保险费加运费 The sellers ob

9、ligations Provision of goods in conformity with the contract Export licenses, official documents and customs formalities Contract of carriage and insurance Delivery Risks before the goods passing the ships rail Notice to the buyer Proof of delivery, transport document or equivalent electronic messag

10、eThe buyers obligations Payment for goods Import licenses, official documents and customs formalities Taking delivery Risks after the goods passing the ships railSeveral Issues about CIF Cover of insurance Booking shipping space Unless otherwise provided in the contract, the seller is only responsib

11、le for chartering appropriate vessel to ship the goods to the port of destination along customary shipping line. The seller has the right to refuse the buyers requirements about the nationality, type, age, and classification of the ship. Charges of unloading Incoterms 2000 requires the buyer to pay

12、for unloading the goods. However, there are three other derived forms of CIF: CIF Liner Terms; CIF landed; CIF Ex Ships HoldCFR: Cost and Freight (named port of destination)成本加运费成本加运费 The sellers obligations Provision of goods in conformity with the contract Export licenses, official documents and c

13、ustoms formalities Contract of carriage Delivery Risks before the goods passing the rail of the vessel Notice to the buyer Proof of delivery, transport document or equivalent electronic messageThe buyers obligations Payment for goods Contract of insurance Import licenses, official documents and customs formalities Taking delivery Risks and additional costs after the goods passing the rail of the vesselDerived Forms of CFR CFR Liner Terms The unloading charges are included in freight that is paid by the seller. CFR La