Chapter 1 Introduction 1
1.1 Instruction of International Trade 1
1.2 Reasons for International Trade 4
1.3 Theory of International Trade 6
1.4 The Instruments of Trade Policy 8
1.5 Classification of International Trade 10
1.6 Summary 12
Chapter 2 Business Communication 14
2.1 Business Negotiation 14
2.2 Contents of Contract 19
2.3 Performance of the Contract 21
2.4 Export and Import Procedures 21
2.5 Summary 26
Chapter 3 International Trade Terms 29
3.1 Three Sets of Rules 29
3.2 Rules for any Mode of Transport 48
3.3 Rules for Sea and Inland Waterway Transport 53
3.4 Important Notes 57
3.5 Determinants of Choice of Trade Terms 60
3.6 Summary 60
Chapter 4 Terms of Commodity 63
4.1 Name of Commodity 63
4.2 Specifying Quality 66
4.3 Measuring Quantity 74
4.4 Packing and Marking 79
4.5 Summary 88
Chapter 5 Export Price 91
5.1 Expression of Export Price 91
5.2 Pricing Considerations 92
5.3 Calculation of Price 94
5.4 Understanding the Price 99
5.5 Summary 101
Chapter 6 International Cargo Transport 104
6.1 Ocean Transportation 104
6.2 Other Modes of Transportation 107
6.3 Transportation Documents 112
6.4 Shipment Clause in the Sales Contract 120
6.5 Summary 125
Chapter 7 International Cargo Transportation Insurance 128
7.1 Fundamental Principles of Cargo Insurance 130
7.2 Marine Risks and Losses 134
7.3 Coverage of Marine Cargo Insurance of CIC 140
7.4 Coverage of Marine Cargo Insurance of ICC 144
7.5 Other Types of Cargo Insurance 145
7.6 Procedures of Cargo Insurance 147
7.7 Insurance Terms in the Sales Contract 151
7.8 Summary 152
Chapter 8 International Payments 156
8.1 Issues in Concern 156
8.2 Paying Instruments 157
8.3 Remittance 162
8.4 Collection 165
8.5 Basics of Letter of Credit 168
8.6 Types of Documentary Credit 175
8.7 Letter of Guarantee(L/G) 179
8.8 Export Financing 180
8.9 Payment Problems 186
8.10 Summary 186
Chapter 9 Export Documentation 190
9.1 Significance of Documentation 191
9.2 Basic Requirements for Documentation 192
9.3 Prerequisites of Documentation 193
9.4 Export Documents 193
9.5 Clause Concerning Documents in the Sales Contract 201
9.6 Summary 202
Chapter 10 Inspection, Claim, Force Majeure and Arbitration 205
10.1 Commodity Inspection 206
10.2 Disputes and Claims 210
10.3 Force Majeure 213
10.4 Arbitration 216
10.5 Summary 220
Appendix 224
1.International Trade Terms 2010 224
2.UCP 600 227
3.Business Negotiation 249
Glossary 305
References 320