国际贸易实务英文版第二版课后习题答案.docx

国际贸易实务英文版第二版课后习题答案.docx

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国际贸易实务英文版第二版课后习题答案

Chapter2InternationalTradeTerms

1

2

3

4

5

6

7

8

9

10

I.Multiplechoices

B

C

A

C

C

D

A

B

C

D

II.Trueorfalsestatements

T

T

F

F

T

F

F

F

F

T

III.Explainthefollowingterms

1.shipmentcontract

ShipmentcontractisacontractusinganIncotermwhichindicatesthatthedeliveryhappensatthetimeorbeforethetimeofshipment.

2.symbolicdelivery

Symbolicdeliveryisadeliverysituationinwhichwhenthesellerdeliversthebuyerdoesnotphysicallyreceivethegoods.Thiskindofdeliveryisprovedbythesubmissionoftransportdocumentbythesellertothebuyer.

3.arrivalcontract

ArrivalcontractmeansacontractusinganIncotermwhichindicatesthatthedeliveryhappenswhenthegoodsarriveatthedestination.

4.actualdelivery

Actualdeliveryreferstoadeliverysituationinwhichwhenthesellerdeliversthebuyerdoesphysicallyreceivethegoods.

IV.Shortquestions

1.WhopaysforloadingforshipmentunderFOB?

Theseller.

2.WhopaysforunloadingunderCIF?

Thebuyer.

3.CompareandcontrastFOB,CFRandCIF?

Similarities:

a.Theseller'sriskwillbetransferredtothebuyerwhenthegoodsareloadedonboard,b.Thesellerisresponsibleforexportcustomsformalitieswhilethebuyerisresponsibleforimportcustomsformalities,c.Thebuyerisresponsibleforunioadingthegoodsattheportofdestination,d.Allthreeterms

canonlybeusedforwaterwaytransportation.

Differences:

a.FOBrequiresthebuyertoarrangeandpayfortheoceantransportation;CFRrequiresthesellertoarrangeandpayfortheoceantransportation;CIFrequiresthesellertoarrangeandpayfortheoceantransportationandinsuranceagainstthebuyer'srisk.

4.Whatarethetwotypesoftradetermsconcerningthetransferofrisks?

Shipmentcontracttermsvs.arrivalcontractterms.Undershipmentcontracttermstheseller'sriskwillbetransferredtothebuyerbeforethegoodsdepartfromtheplace/portofshipment.Underarrivalcontracttermsthesellerwillbeartheriskofthegoodsuntilthegoodsarriveatthedestination.

5.WhatarethedifferencesandsimilaritiesbetweenCPTandCFR?

Majorsimilarities:

a.Thesellershouldcontractandpayforthemajorcarriage.b.Thesellerisnottakingtheriskoflossofordamagetothegoodsduringthetransportation.

Difference:

a.CPTisapplicabletoanykindoftransportationmodewhileCFRisonlyusedforwaterwaytransport,b.UnderCPTtheseller'sriskwillbetransferredtothebuyerwhenthegoodsarehandedovertothefirstcarriernominatedbytheseller.UnderCFRtheseller'sriskwillbetransferredwhenthegoodsareloadedonboardthevessel.

6.WhatarethedifferencesandsimilaritiesbetweenCIPandCIF?

Majorsimilarities:

a.Thesellershouldcontractandpayforthemajorcarriage.b.Thesellerisnottakingtheriskoflossofordamagetothegoodsduringthetransportation,c.Thesellermustobtaininsuranceagainstthebuyer'srisk.

Difference:

a.CPTisapplicabletoanykindoftransportationmodewhileCFRisonlyusedforseawayorinlandwaterwaytransport,b.UnderCPTtheseller'sriskwillbetransferredtothebuyerwhenthegoodsarehandedovertothefirstcarriernominatedbytheseller.UnderCFRtheseller'sriskwillbetransferredwhenthegoodsareloadedonboardthevessel.

7.IfyoutradewithanAmerican,isthesalescontractsubjecttoIncotermswithoutanydoubt?

Whatshouldyoudo?

No.TheRevisedAmericanForeignTradeDefinitions1941isstillinuse,especiallyintheNorthAmericanarea.Ithasdifferentinterpretationaboutsometradeterms.Thetradersshouldclarifythechoiceofrulesbeforeanyfurtherdiscussion.

8.Whatarethemostcommonlyusedtradeterms?

FOB,CFR&CIF.

9.WhoisresponsibleforcarryingoutcustomsformalitiesforexportsunderanFOBcontract?

Theseller.AccordingtoIncoterms2010,exceptEXWandDDPthesetwoterms,alltheothereleventermsrequirethesellertohandletheexportcustomsformalities,whilethebuyertheimportcustomsformalities.

10.IfaChinesetradersignsanFOBHamburgcontract,isheexportingorimporting?

Importing.FOBshouldbeusedwitha"namedportofshipment",ifHamburgistheportofshipment,fromtheChinesetrader'sperspective,heisimporting.

V.Casestudies

1.AnFOBcontractstipulated"TheshipmentwillbeeffectedinMarch2011."Whenthegoodswerereadyon10March201l,thesellercontactedthebuyerforshipmentdetails.Thebuyerfaxed"Pleasesendthegoodstotheportforloadingon21March.Thevesselwilldeparton22March."Thesellersentthegoodstotheportaccordingly.Howeverthenominatedvesseldidnotturnupandthegoodshadtobestoredinthewarehouseatthepor