国际贸易实务英文版第二版课后习题答案.docx

Chapter 2 International Trade Terms
1
2
3
4
5
6
7
8
9
10
I. Multiple choices
B
C
A
C
C
D
A
B
C
D
II. True or false statements
T
T
F
F
T
F
F
F
F
T
III. Explain the following terms
1. shipment contract
Shipment contract is a contract using an Incoterm which indicates that
the delivery happens at the time or before the time of shipment.
symbolic delivery
Symbolic 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.
arrival contract
Arrival contract means a contract using an Incoterm which indicates that the delivery happens when the goods arrive at the destination.
actual delivery
Actual delivery refers to a delivery situation in which when the seller
delivers the buyer does physically receive the goods.
IV. Short questions
1. Who pays for loading for shipment under FOB ?
The seller.
Who pays for unloading under CIF? The buyer.
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. FOBrequires
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