国商全英第五章.docVIP

Title of lesson Theoretical lesson Chapter Five: Law of International Sale of Goods 【key terms】 Trade terms CISG Obligation of buyer Obligation of seller Passing of risk Teaching contents: trade terms, main contents of CISG, obligation of buyer, obligation of seller, remedies under CISG, passing of risk. Basic contents: 5.1 Trade terms Under on circumstances can a buyer get a quotation without trade terms in international trade. Trade terms are short terms and abbreviations which are used to explain the price composition, to define the methods of delivery of goods sold, to indicate which party bear the freight, insurance and other relevant charges, and assume the liability in case damage or loss of the goods occurs. Trade terms insure both exporter and importer know their own responsibility. In foreign trade, there are various prices for the same commodity. Granting that the cost of a certain commodity is the same ex-factory, the price quoted by the seller will vary with the point of delivery. For example, in the case of a contract based on CIF terms as “CIF London”, that means the seller bears all the cost, freight and insurance up to the named port of destination, here, “London”. Incoterms The purposes of “Incoterms”( International Rules for the Interpretation of Trade Terms ) is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, the uncertainties of different interpretations of such terms in different counties can be avoided or at least reduced to a considerable degree. What’ more, frequently parties to a contract are unaware of the different trading practices in their respective countries. That can give rise to misunderstandings, disputes and litigation with all the waste of time and money that this entails. In order to remedy these problems, the international chamber of commerce first published in 1936 a set of international rules for interpr