Incorterm 200
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University of Economics of Ho Chi Minh city
Topic: Clasification about International Commercial Terms (according to INCOTERMS 2000) and a pending problem about transportation authority in import and export of Vietnam.
Proffessor: PhD Trieu Hong Cam
Student: Tang Huynh Yen Phuong
Class: Foreign Trade 1_ Course: 33
20th February, 2010
Content
1. Introduction
2. Clasification about the International Commercial Terms
2.1. Group: E
2.2. Group: P
2.3. Group: C
2.4. Group: D
3. Realities and the causes of exporting at FOB price and
importing at CIF price in Vietnam
4. Recommendation and Conclusion.
***References
1. Introduction
Understanding the international rules in order to explain the uniform commercial conditions is extremely important in trading with foreign partners. This not only helps us to save time and minimize unnecessary misunderstandings in the contract but also to solve the prolems that happen unexpectedly. Clearly understanding and knowing how to apply the conditions of Incoterms are very important and sometimes also give us many advantages. However, not many Vietnamese import and export enterprises have known about that. The misconceptions of the transportation authority is one of the reasons explain why Vietnamese import and export companies usually export at FOB price and import at CIF price. In other words, they lose the transportation authority to the other partners. It also means that our country loses a wealth of benefits and currency. In this essay, you will be provided information about four different categories of International Commercial Terms as well as the other causes of exporting at FOB price and importing at CIF price in Vietnam and some recommendations about this problem.
2. Clasification about the International Commercial Terms (according to INCOTERMS 2000)
Incoterms are designed to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign...
Topic: Clasification about International Commercial Terms (according to INCOTERMS 2000) and a pending problem about transportation authority in import and export of Vietnam.
Proffessor: PhD Trieu Hong Cam
Student: Tang Huynh Yen Phuong
Class: Foreign Trade 1_ Course: 33
20th February, 2010
Content
1. Introduction
2. Clasification about the International Commercial Terms
2.1. Group: E
2.2. Group: P
2.3. Group: C
2.4. Group: D
3. Realities and the causes of exporting at FOB price and
importing at CIF price in Vietnam
4. Recommendation and Conclusion.
***References
1. Introduction
Understanding the international rules in order to explain the uniform commercial conditions is extremely important in trading with foreign partners. This not only helps us to save time and minimize unnecessary misunderstandings in the contract but also to solve the prolems that happen unexpectedly. Clearly understanding and knowing how to apply the conditions of Incoterms are very important and sometimes also give us many advantages. However, not many Vietnamese import and export enterprises have known about that. The misconceptions of the transportation authority is one of the reasons explain why Vietnamese import and export companies usually export at FOB price and import at CIF price. In other words, they lose the transportation authority to the other partners. It also means that our country loses a wealth of benefits and currency. In this essay, you will be provided information about four different categories of International Commercial Terms as well as the other causes of exporting at FOB price and importing at CIF price in Vietnam and some recommendations about this problem.
2. Clasification about the International Commercial Terms (according to INCOTERMS 2000)
Incoterms are designed to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign...