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Chapter 1 Introduction£¯1 Learning Objectives£¯1 1.1 Exporting and Importing£¯1 1.2 Terms and Conditions of Contract£¯2 1.3 Procedures of Exporting and Importing Business£¯3 1.4 Laws and Usual Practices of the International Trade£¯4 Summary of Objectives£¯4 Reading Material£¯6 Chapter 2 Terms of Commodity£¯8 Learning Objectives£¯8 2.1 Name and Quality of Commodity£¯8 2.2 Quantity of Commodity£¯13 2.3 Packing of Commodity£¯16 Summary of Objectives£¯21 Basic Skill Training£¯22 Reading Material£¯24 Chapter 3 International Trade Terms£¯27 Learning Objectives£¯27 3.1 Trade Terms and International Trade Usages£¯27 3.2 Commonly Used Trade Terms in Incoterms 2020£¯29 3.3 Other Trade Terms£¯36 3.4 Choice of Trade Terms in Practice£¯38 Summary of Objectives£¯39 Basic Skill Training£¯40 Reading Material£¯42 2 ÍâóӢÓï Chapter 4 Terms of Price£¯44 Learning Objectives£¯44 4.1 About the Price£¯44 4.2 Formation of Unit Price and Price Accounting£¯46 4.3 Accounting of Gain or Loss and Price Clause£¯52 Summary of Objectives£¯54 Basic Skill Training£¯55 Reading Material£¯57 Chapter 5 International Cargo Transport£¯59 Learning Objectives£¯59 5.1 Modes of Transportation£¯59 5.2 Shipment Clauses£¯66 5.3 Shipping Documents£¯71 Summary of Objectives£¯77 Basic Skill Training£¯77 Reading Material£¯80 Chapter 6 Insurance - Marine Cargo Insurance£¯82 Learning Objectives£¯82 6.1 Scope of Marine Cargo Insurance Coverage£¯82 6.2 Conditions of Marine Cargo Insurance£¯86 6.3 London Insurance Institute Cargo Clauses£¯90 6.4 Insurance Clauses in the Contract and Forms of Insurance Contract£¯92 Summary of Objectives£¯97 Basic Skill Training£¯98 Reading Material£¯100 Chapter 7 International Payment£¯104 Learning Objectives£¯104 7.1 Instruments of Payment£¯104 7.2 Modes of Payment£¯110 7.3 Combination of Different Modes of Payment£¯126 7.4 Payment Clause in A Contract£¯127 Summary of Objectives£¯129 Basic Skill Training£¯131 Contents 3 Reading Material£¯134 Chapter 8 Inspection and Claim£¯137 Learning Objectives£¯137 8.1 Inspection£¯137 8.2 Claim£¯144 Summary of Objectives£¯151 Basic Skill Training£¯152 Reading Material£¯155 Chapter 9 Force Majeure and Arbitration£¯157 Learning Objectives£¯157 9.1 Force Majeure£¯157 9.2 Arbitration£¯159 Summary of Objectives£¯166 Basic Skill Training£¯167 Reading Material£¯169 Chapter 10 Negotiation of Contract£¯173 Learning Objectives£¯173 10.1 Steps of Signing A Contract£¯173 10.2 Forms and Contents of A Contract£¯180 Summary of Objectives£¯185 Basic Skill Training£¯186 Reading Material£¯188 Chapter 11 Implementation of Contract£¯191 Learning Objectives£¯191 11.1 Performance of Export Contract£¯191 11.2 Performance of Import Contract£¯196 11.3 Main Import and Export Documents£¯200 Summary of Objectives£¯207 Basic Skill Training£¯208 Reading Material£¯209 Chapter 12 Modes of International Trade£¯212 Learning Objectives£¯212 12.1 Exclusive Sales and Agency£¯212 12.2 Invitation to Tender and Submission of Tender£¯215 4 ÍâóӢÓï 12.3 Auction and Consignment£¯219 12.4 Counter Trade and Processing and Assembling Trade£¯222 Summary of Objectives£¯224 Basic Skill Training£¯225 Reading Material£¯227 Appendix£¯230 Bibliography£¯240