homework--国际贸易实务课后题

1HomeworkofChapter3--TermofIntl.TradeI.TrueorFalse.Forthefalsestatement,pleasestatethespecificreasons.1)Pricetermsaremainlyappliedtodeterminingthepricesofcommoditiesininternationaltrade.(FPricetermisusedtoindicatetheinternationaltradeimportandexportcommoditypricestructure,bothpartiesshallbeartheirrespectiveresponsibilities,theshareofthecostborneandrisktransferofownershipandterm.)2)Asanexporter,youconcludedadealwithanAmericanonbasisofEXW;thenyourtransactionriskisreducedtheminimumdegree.(T)3)OnCIPterms,thesellermustpaythefreightrateandinsurancepremiumaswellasbearalltherisksuntilthegoodshavearrivedatthedestination.(FThistermobligesthesellertocontractforinsuranceandpaytheinsurancepremiumforthecarriageofthegoodsinadditiontowhatevershouldbecoveredunderCPT.Thetransferofriskhappenswhenthesellerdeliversthegoodstothecarrierhechoosesattheplaceofshipment.)4)DESmeansthatthesellermustdeliverthegoodstothebuyeratthedestinationonhisownchargesandathisownrisks.(T)5)IfyouhavesignedacontractwithaJapanesebuyeronthebasisofFOBST,youmustberesponsibleforstowingandtrimmingthegoodsatyourownexpense.(T)6)CFRLandedinindicatethatthesellermustguaranteethearrivalofthegoodsatthedestinationwithoutanydamage.(FThesellerisonlyresponsibleforcoveringthetransportchargesunderthecontractofcarriage,theoceanfreightandanyotherhandlingchargesduetocontingenciesornotincludedinthecontractofcarriagewouldfalluponthebuyer.)7)ThemaindifferencebetweenaCIFcontractandaDEScontractliesinthefactthatformerisasymbolicdeliveryofgoods,whereasthelatterisaphysicaldeliveryofgoods.(T)8)ThecommonfeatureofanFOBcontractandanFAScontractisthatthesellermustloadthegoodsonanamedship.(FThecommonfeatureofFOBandFAScontractisthattheselleriscalledupontodeliverthegoodstoacarrierappointedbythebuyer.ButonFAStermsthesellerneedsonlytoputthegoodswithinthereachoftheship’stackle.Itisnotresponsibleforloadingthegoodsonboard.)9）BothDATandDAPshouldbefollowedbynamedplaceofdestination.(T)10)AccordingtoIncoterms2010underDAPthebuyerisnotresponsibleforunloadingthegoodsfromthearrivingvehicleattheplaceofdestination.(FUnderDAPatthetimeofdeliverytheriskandcostrelatedtounloadingthegoodsarefortheaccountofthebuyer.)2II.SupposeyouareanexporterandyourbusinessplaceisinChina;youjudgeifthefollowingstatementsarecorrectornotandgiveyourreasons.1)Offer1,000balesofCottonPriceGoodsatUSD150perbaleFOBNewYork.Incorrect.OnFOBtermstheseller’sresponsibilitiesendwhenhedeliversthegoodsattheportofshipment,thatis,atoneoftheportsofChina.2)Weacceptyourofferfor500papercasesofChineseBlackTeaatUSD400percaseCIFShanghai.Incorrect.OnCIFtermsthesellerpaysfortransportationandinsurancetillthegoodsreachthedestination;thetermsshouldbefollowedbytheportofdestination.3)YourorderforBitterApricotKernelsatUSD15perkiloCPTLiverpoolhasalreadybeendelivered.Correct.AccordingtoCPTtermswecanknowit.4)WeappreciateyourquotationforDDRaincoatsatUSD100perdozenCIPGuangzhou,butthepriceisratheronthehighside.Incorrect.OnCIPtermsthesellerpaysfortransportationandinsurancetillthegoodsreachthedestination;thetermsshouldbefollowedbytheportofdestination.5)Yourcounter-offerforFairyBrandLeatherShoesatCAND50perpairCFRVancouverhasbeenwellreceived.Correct.6)Weshallexecuteassoonaspossibleyourorderfor1,000setsofFlyingFishTypewritersatUSD30persetFCABeijing.Correct.7)Weconfirmhavingsoldtoyou2,000dozenPillowCasesatFrenchFrancs50perdozenFOBMarserlles.Incorrect.OnFOBtermstheseller’sresponsibilitiesendwhenhedeliversthegoodsattheportofshipment,thatis,atoneoftheportsinChina.8)ReferringtoyourenquiryofJuly15,wequoteasfollows:SharpVacuumCleaner500setsUSD120perset.Incorrect.OnDEStermsthesellermustputthegoodsundertheactualcontrolofthebuyerattheportdestination;aportofdestinationshouldbeattachedtoDES.9)WeofferChineseTinPlateDDPShanghaiReplyhereJuly10.Incorrect.OnDDPtermsthesellermustphysicallydeliverthegoodstothebuyeratanamedplaceintheimportcountry,thatis,anamedplaceofdestinationshouldbeaddedtoDDPterms.10)OurSalesConfirmationNo.9405for1,000SewingMachinesatUSD45CIFHongKongisbeingairmailedtoday.Correct.3III.Casestudy1)AChineseimportandexportcompanyconcludedaSalesContractwithaHollandfirmonAugust5,2000,sellingabatchofcertaincommodity.ThecontractwasbasedonCIFRotterdamatUSD2500permetricton.TheChinesecompanydeliveredthegoodsincompliancewiththecontractandobtainedaclean-on-boardBillofLading.Duringtransportation,however,100metrictonsofthegoodsgotlostbecauseofroughsea.Uponarrivalofthegoods,thepriceofthecontractedgoodswentdownquickly.Thebuyerrefusedtotakedeliveryofthegoodsandeffectpaymentandclaimeddamagesfromtheseller.Howwouldyoudealwiththiscase?Inthiscase,thecontractbetweenthesellerandbuyerwasonCIFterms,soitwasnotrightforthebuyernottotakedeliveryofthegoods.AccordingtoCIFterms,theseller’sresponsibilitiesendedwhenheloadedthegoodsonboardoftheshipandpaidthefreightandinsurancepremium;theriskseparationwasthesideoftheship;therisksweretransferredtobuyerorotherpartiesconcernedafterthesellerputthegoodsonboard.Sincethedocumentspresentedbysellerwererightandproper,thesellercoulddirectlygetpaidfromtheIssuingBankoftheL/C