Chapter 1 International trade practice Lesson objectives Define incoterms uNderstand how incoterms assist traders Identify the main issues governing choice of a suitable incoterm state the main provisions of these Incoterms FOB CFR CIF FCA CPT CIP 经贸学院国际贸易系 王学惠◎
经贸学院国际贸易系 王学惠 © Chapter 1 International trade & practice Lesson objectives •Define Incoterms •Understand how Incoterms assist traders •Identify the main issues governing choice of a suitable Incoterm •State the main provisions of these Incoterms: FOB, CFR, CIF, FCA, CPT, CIP
8 1 Introduction to International trade 1.1 conception Exchange of goods and services from one country to another two issues----goods and services
1.1 conception Exchange of goods and services from one country to another. two issues----goods and services. §1 Introduction to International trade
1.2 Participants The buyer The seller Banks And other participants 经贸学院国际贸易系 王学惠◎
经贸学院国际贸易系 王学惠 © 1.2 Participants The buyer The seller Banks And other participants…
1.3 Cautions in international trade The credit standing Payment methods Trade terms The exchange risks
经贸学院国际贸易系 王学惠 © 1.3 Cautions in international trade The credit standing Payment methods Trade terms The exchange risks
$2 Trade Terms Trade terms are using a shorthand expression or three-letter abbreviation to indicate the formation of the unit price and determine the responsibilities expenses and risks borne by two parties as well as the time of the passing of the property in the goods 经贸学院国际贸易系 王学惠◎
经贸学院国际贸易系 王学惠 © §2 Trade Terms Trade terms are using a shorthand expression or three-letter abbreviation to indicate the formation of the unit price and determine the responsibilities, expenses and risks borne by two parties as well as the time of the passing of the property in the goods