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Chapter 3

International Trade Terms

【Learning Objectives】
Knowledge Objectives:

1. Understand the trade terms used in international trade.

2. Understand the differences between the Incoterms 2010 and the Incoterms 2000.

3. Provide a simple explanation of the eleven terms under the Incoterms 2010.

Ability Objectives:

1. Compare and contrast the use of FOB, CFR and CIF.

2. Identify the application issues under the Incoterms.

3. List the determining factors when choosing Incoterms. vkZnoHY5T6Z3cGUOs9aqKHYU+BqvSSSGdwZTp5acE9+fc02bK57SIk7yyYgPKWWI

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