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Answer Key-cloze 1) The Chinese government always attaches importance to the trade and economic cooperation with other members of the Asian and Pacific region while enhancing its economic and trade relations the world over. 2) Whatever disputes we have, we should try to iron out our differences through amicable negotiations. 3) We are in a position to offer you 50 long tons of Tin Foil Sheets. Answer Key-cloze 4) In this case, transshipment is to be allowed and additional cost arising from the transshipment shall be for the Buyers’ account. 5) When arbitration is to take place in China, we can submit the case to CIETAC. 6) The package consists of woolen serge in different shades of blue. 7) It’s much better to resolve the dispute through friendly negotiations between the two parties. Answer Key-cloze 8) If we fail to reach a settlement, arbitration is the last resort. 9) As far as punctual delivery is concerned, the seller and shipping company share the responsibility. 10) This tribunal judge the case without bias or partiality. Answer Key-translation A: How do you do, Mr. Zhang? B: How do you do, Mr. Johnson? A: Since it’s the first time I’m doing business with you, I would like to ask you to clarify on the issue of the arbitration clause. B: Is there anything in particular you want to know? A: Mr. Zhang, first of all would you please explain it in general? B: O.K. Generally speaking, we would like to resolve all disputes amicably by negotiations. Answer Key-translation A: What if amicable negotiations fail? B: Then the case may be submitted for arbitration. A: Mr. Zhang, if there is a dispute between a Chinese company and a foreign company and it goes to arbitration, in which country should the arbitration be held? Will it be in the country of the claimant? Or in the country of the defendant? B: It really depends on what the parties have agreed between themselves and stipulate in their arbitration agreement. A: Do you permit arbitration in a thir
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