role of international trade terms
trade terms(price terms or delivery terms)
an important component of a unit price in international trade, standing for specific obligations of the buyer and the seller.
the important function
1.name the exact point at which the cost and risk of the marchandise is transferred from the seller to the buyer.
2.define the responsibilities and expenses of the seller and the buyer.
3.simplifies the contract negotiations
4. saves time and cost.
the formation of price
made up of a name of currency, a unit price, a measuring unit, a trade term, and a name of destination or shipping place.
U.S.＄800 per M/T(公噸) CIF London
Responsibilities
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
expense
freight
loading and unloading expenses
insurance premium
warehouse charges
duties and taxes
other miscellaneous expenses
the trade terms refer to using a brief English concept or abbreviation to indicate the formation of the unit price and determine the responsiblities, expenses amd risks borne by two parties as well as the time of the passing of the property in the goods.
Incoterms Categories
EXW 工廠交貨
places the goods at the disposal of the buyer at the seller's premises(營業(yè)場所) or another named place(works, factory, warehouse)
賣方義務(wù)最小
the seller has no repsonsibility to load the goods onto a truck or other transport vehicle or to clear the goods for export.
the seller must supply the goods in accordance with the contract of sale, provide at his expense basic packing,give the buyer prompt notice
標(biāo)準(zhǔn)答題格式:
According to INCOTERMS 2010, under EXW, …(whether clear in the contract :seller responsibility+buyer responsibility)
FCA 貨交承運人
seller delivers the goods, cleared for export, to the carrier specified by the buyer at the named place of delivery.
Free Carrier 管裝不管運，管運不管卸
CPT 運費付至
CIP 運費+保險付至
DAT 運輸終端交貨
DAP 目的地交貨
DDP 完稅后交貨
FAS 裝運港船邊
alongside ship
FOB 裝運港船上
on board
CFR 成本+運費，裝運港船上
freight+cost
CIF 成本+保險費+運費， 目的港
freight+cost+insurance
