Chapter One General Introduction 1
1.1 Reasons for International Trade 2
1.2 Benefits of International Trade 4
1.3 Differences between International Trade and Domestic Trade 5
1.4 Classification of International Trade 6
1.5 Export and Import Procedures 8
1.6 Overview of This Book 16
Summary 18
Key Terms 19
Abbreviations 19
Exercises 20
Specimens 21
Chapter Two International Trade Terms 25
2.1 Three Sets of Rules 26
2.2 Basics of Incoterms 2010 28
2.3 Application Issues 37
2.4 Determinants of Choice of Trade Terms 40
Summary 40
Key Terms 41
Abbreviations 42
Exercises 42
Chapter Three Export Price 47
3.1 Expression of Export Price 47
3.2 Pricing Considerations 48
3.3 Calculation of Price 50
3.4 Understanding the Price 58
3.5 Communication of Price 59
Summary 65
Key Terms 66
Abbreviations 66
Exercises 66
Chapter Four Terms of Commodity 71
4.1 Name of Commodity 71
4.2 Specifying Quality 73
4.3 Measuring Quantity 82
4.4 Packing and Marking 88
Summary 98
Key Terms 99
Abbreviations 99
Exercises 99
Chapter Five Cargo Transportation 103
5.1 Ocean Transportation 103
5.2 Other Modes of Transportation 108
5.3 Transportation Documents 112
5.4 Shipment Clause in the Sales Contract 120
Summary 127
Key Terms 128
Abbreviations 128
Exercises 129
Specimens 133
Chapter Six Cargo Transportation Insurance 137
6.1 Fundamental Principles of Cargo Insurance 139
6.2 Marine Risks and Losses 143
6.3 Coverage of Marine Cargo Insurance of CIC 148
6.4 Coverage of Marine Cargo Insurance of ICC 154
6.5 Other Types of Cargo Insurance 155
6.6 Procedures of Cargo Insurance 157
6.7 Insurance Terms in the Sales Contract 163
Summary 164
Key Terms 165
Abbreviations 166
Exercises 166
Specimens 170
Chapter Seven International Payments 175
7.1 Issues in Concern 175
7.2 Paying Instruments 178
7.3 Remittance 181
7.4 Collection 184
7.5 Basics of Letter of Credit 187
7.6 Types of Documentary Credit 193
7.7 Letter of Guarantee(L/G) 198
7.8 Export Financing 199
7.9 Payment Problems 205
Summary 205
Key Terms 206
Abbreviations 207
Exercises 207
Specimens 211
Chapter Eight Export Documentation 223
8.1 Significance of Export Documentation 223
8.2 Basic Requirements for Export Documentation 224
8.3 Information Bases for Export Documentation 225
8.4 Export Documents 226
8.5 Clause Concerning Documents in the Sales Contract 236
Summary 237
Key Terms 238
Abbreviations 238
Exercises 238
Specimens 242
Chapter Nine Inspection,Claim,Force Majeure and Arbitration 261
9.1 Commodity Inspection 262
9.2 Disputes and Claims 266
9.3 Force Majeure 270
9.4 Arbitration 274
Summary 278
Key Terms 279
Abbreviations 280
Exercises 280
Key to Exercises 285
Glossary 289
Appendix 1 INCOTERMS 2010(CIF) 305
Appendix 2 CISG 1980(Part Ⅱ) 311
References 314