InternationalTradeTermsChapterTwoSEIBofGDUFS22.1ThreesetsofrulesWarsaw-OxfordRules1932RevisedAmericanForeignTradeDefinitions1941InternationalRulesfortheInterpretationofTradeTerms2000SEIBofGDUFS3Warsaw-OxfordRules1932Initiallyin1928---“WarsawRules,1928”22provisionsgoverningtherightsandobligationsofthepartiestoasaleofgoodsonCIF(Cost,InsuranceandFreight)contractterms.Revisedin1932---the“Warsaw-OxfordRules1932”21provisionsagainmainlyaboutCIFSEIBofGDUFS4RevisedAmericanForeignTradeDefinitions1941Defines6terms:ExPointofOriginFOB(freeonboard)FAS(freealongside)6variantsofFOBFOB(namedinlandcarrieratnamedinlandpointofdeparture)FOB(namedinlandcarrieratnamedinlandpointofdeparture)FreightPrepaidto(namedpointofexportation)FOB(namedinlandcarrieratnamedinlandpointofdeparture)FreightAllowedto(namedpointofexportation)FOB(namedinlandcarrieratnamedinlandpointofexportation)FOBVessel(namedportofshipment)≈Incoterms’FOBFOB(namedinlandpointincountryofimportation)C&F(CostandFreight)CIF(Cost,InsuranceandFreight)ExDock(NamedPortofImportation)SEIBofGDUFS5InternationalRulesfortheInterpretationofTradeTerms2000(Incoterms2000)1936---firstcreatedbyInternationalChamberofCommerce(ICC)Thepurposesofincoterms:TogivethebusinessmenasetofinternationalrulesfortheinterpretationofthemostcommonlyusedtradetermsToclarifytheobligationsofthebuyerandthesellerTosimplifythecontractnegotiationsTosavetimeandcostRevisedin1953、1967、1976、1980、1990、2000Incoterms2000includes13termsunder4groupsSEIBofGDUFS62.2BasicsofIncoterms20002.2.1ScopeofGovernancePartiesinvolved:concerningonly2parties--seller&buyerDocumentapplied:onlytothecontractofsaleSpecificaspectsgoverned:onlysettlemattersconcerningthedeliveryoftangiblesgoodssoldFocusingonlyonthedeliveryoftangiblegoodsDeliveryalsoindicatingthetransferofobligations,costandriskdistributionbetweenthepartiesSEIBofGDUFS72.2.1ScopeofGovernanceObligationObligation--alegaldutytodosomethingaccordingtoacertainagreement.universallyacceptedobligation,eg:theseller--providegoodsinconformitywiththecontractThebuyer--paythepriceasstipulatedinthecontractotherobligations:handlethecustomsclearance,carriageofgoods,insuranceSEIBofGDUFS82.2.1ScopeofGovernanceCostlocalandoverseastransportationandinsurancecostsgoodscheckingandinspectionexpenses,customsclearancechargesloadingandunloadingchargesofthegoodsatsomeparticulartransportpointsTransferofrisk“Risk”referstoaccidentaldamagetothegoods.time:whendoestheriskpassfromthesellerstothebuyers?SEIBofGDUFS92.2.2CategorizationofTerms13termsintofourcategoriesE-term—theselleronlymakesthegoodsavailabletothebuyerattheseller'sownpremises.F-terms—theselleriscalledupontodeliverthegoodstoacarrierappointedbythebuyer.C-terms—thesellerhastocontractforcarriage,butwithoutassumingtheriskoflossordamagetothegoodsoradditionalcostsduetoeventsoccurringaftershipmentordispatch.D-terms—thesellerhastobearallcostsandrisksneededtobringthegoodstotheplaceofdestination.SEIBofGDUFS10Incoterms2000GroupEDepartureEXWExWorks(…namedplace)工厂交货(…指定地点)GroupFMainCarriageunpaidFCAFreeCarrier(…namedplace)货交承运人(…指定地点)FASFreeAlongsideShip(…namedportofshipment)船边交货(…指定装运港)FOBFreeonBoard(…namedportofshipment)船上交货(…指定装运港)GroupCMainCarriagepaidCFRCostandFreight(…namedportofdestination)成本加运费(…指定目的港)CIFCost,InsuranceandFreight(…namedportofdestination)成本、保险费加运费(…指定目的港)CPTCarriagePaidto(…namedplaceofdestination)运费付至(…指定目的地)CIPCarriageandInsurancePaidto(…namedplaceofdestination)运费保险费付至(…指定目的地)GroupDArrivalDAFDeliveredatFrontier(…namedplace)边境交货(…指定地点)DESDeliveredExShip(…namedportofdestination)目的港船上交货(…指定目的港)DEQDeliveredExQuay(…namedportofdestination)目的港码头交货(…指定目的港)DDUDeliveredDutyUnpaid(…namedplaceofdestination)未完税交货(…指定目的地)DDPDeliveredDutyPaid(…namedplaceofdestination)完税后交货(…指定目的地)SEIBofGDUFS11Seller’spremises1stCarrierAlongsidethevesselShip’srailBorderofEcountryBorderofIcountryPlaceofdestinationPortofdestinationEXWFCAFASFOBCFRCIFCPTCIPDAFDEQDESDDUDDPObligation&CostsRisksMeansoftransportInsuranceincludedEmptyLoadedLEGEND:Figure2.1IncotermsWallchartSEIBofGDUFS122.2.3BriefofIncotermsThe“E”term(EXW)Seller’sobligationmin.Placingthegoodsatthedisposalofthebuyerattheagreedplace–usuallyhisownpremisesInpractice,alsoincludingassistingthebuyerinloadingthegoodsonthebuyer’scollectingvehiclewithoutchargingaloadingfeeForthebuyertogetlowerprice,buttoodemandingforhim,thereforeonlyappliedtobuyershavingoffshorebranchesSEIBofGDUFS13EXWDelivery:atseller’spremisesTransferofrisks:goodsatthedisposalofthebuyerPackagingandloading:Usu.sellernoobligationforexportpackagingandloading;ExportcustomsclearanceUsu.buyer’sresponsibility,sometimesbuyerdoitforbuyer,butbearnorisksSEIBofGDUFS14The“F”terms(FCA,FAS,FOB)ShipmentcontractSellerdeliversthegoodsforcarriageasinstructedbythebuyerbuyerpaysfreightandsignscarriagecontractwithcarrierandnotifysellerFAS&FOBonlyforseaorinlandwaterwaytransportationmodeSeller’sobligation,costandrisktransferstobuyerafterdeliveryofthegoodsSeller–exportinglicenseandexportcustomsclearanceBuyer–importing