Practical Reading
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● The following is a collection of International Commercial Terms (国际贸易术语) . After reading it, you should complete the information by filling in the blanks in the table below.


1. Incoterms: terms of trade used in international sales contracts
2. Ex-works: lowest risk for the supplier
3. FOB:
1) the supplier’s responsibility: delivering goods to the vessel
2) the buyer’s responsibility: taking care of the goods once they pass the ship’s rail
4. CFR: delivering the goods to the port of destination
5. CIF: CFR + insurance
6. DDU:
1) paid by the supplier: all costs except duty
2) paid by the buyer: duty
7. DDP: highest risk for the supplier

