Contents
Introduction1
Section 1 Introduction to International Trade2
Section 2 Reasons for International Trade6
Section 3 International Trade Restrictions9
Section 4 Forms of International Trade12
Chapter One General Procedures of Import & Export Transaction19
Section 1 The Necessary Works before Import and Export Transaction20
Section 2 General Procedures of Business Negotiation22
Section 3 Implementation of Contract27
Section 4 Import Procedures29
Section 5 Export Procedures31
Chapter Two Name, Quality, Quantity and Package of Commodity37
Section 1 Name of Commodity38
Section 2 Quality of Commodity38
Section 3 Quantity of Commodity43
Section 4 Package of Commodity46
Chapter Three Trade Terms53
Section 1 Trade Terms and Incoterms54
Section 2 Trade Terms in Incoterms 201060
Chapter Four International Cargo Transportation69
Section 1 Ocean Transport70
Section 2 Ocean Transport Documents74
Section 3 Container Transport78
Section 4 Other Modes of Transport80
Section 5 Transportation Clause84
Chapter Five Cargo Transportation Insurance91
Section 1 Brief Introduction of Cargo Transportation Insurance92
Section 2 The Content of Cargo Transportation Insurance94
Section 3 Marine Insurance Coverage and Clauses97
Section 4 London Insurance Institute Clause101
Section 5 Insurance of Land, Air and Postal Transportation102
Section 6 Insurance Clauses in Sales Contract103
Section 7 Practice on Marine Cargo Insurance104
Chapter Six Means of Payment in International Trade109
Section 1 Currency Payment110
Section 2 Bill of Exchange110
Section 3 Promissory Note and Check114
Chapter Seven Commercial Letter of Credit117
Section 1 The Concept of Letter of Credit118
Section 2 The Procedures of Letter of Credit120
Section 3 The Characteristic and Function of Letter of Credit123
Section 4 Types of Letter of Credit124
Section 5 The Clauses Concerned L/C in Sales Contract129
Section 6 Checks and Amendment of Letter of Credit131
Chapter Eight Other Payment Terms141
Section 1 Remittance142
Section 2 Collection143
Section 3 Letter of Guarantee and Standby Letter of Credit148
Section 4 International Factoring150
Section 5 The Option for Varied of Settlement150
Chapter Nine The Methods to Price the Imports and Exports153
Section 1 Price Principles Strategy and Method154
Section 2 The Selection of Money of Account and Precautions158
Section 3 Foreign Exchange Rate159
Section 4 Commission and Discount160
Section 5 The Price Calculation of Export162
Section 6 Price Clause in Sales Contract165
Chapter Ten Customs Formalities and Commodity Inspection167
Section 1 Customs Formalities for Import and Export168
Section 2 Commodity Inspection171
Chapter Eleven Claim, Force Majeure and Arbitration177
Section 1 Claim178
Section 2 Force Majeure181
Section 3 Arbitration182
Appendix One UCP600 (English-Chinese Bilingual Version)187
Appendix Two United Nations Convention on Contracts for the International Sale of Goods (1980)187
Appendix Three Answers for Exercises187