About Essay

Topics: Trigraph, Insurance, Gh Pages: 9 (3293 words) Published: May 20, 2013
All (1) disputes, controversies or differences arising out of or (2) in relation to this Contract or the breach thereof which cannot be (3) settled by mutual accord without undue delay shall be settled by arbitration in Tokyo, Japan, in (4) accordance with the rules of procedure of the Japan Commercial Arbitration Association; the (5) award (phan quyet, phan thuong) of arbitration shall be final and binding upon both parties, and judgment on sucli (6) award may be entered in any court or tribunal (court = tribunal : tòa án) having jurisdiction thereof; this Contract shall be, in all respects, governed by and construed (giải thích) in (7) accordance with the laws of Japan; the trade terms herein used, such as FOB, CFR and CIF, shall be (8) interpreted (lí giải) in accordance with "INCOTERMS 2000". The (9) failure of Seller at any time to require full performance by Buyer of the terms hereof -shall not affect the right of Seller to enforce the same; the waiver (thoái thác) by Seller of any (10) breach of any provision of this Contract shall not be construed as a waiver of any succeeding breach of such provision or waiver of the provision itself. This Contract constitutes the entire agreement between the parties hereto and supersedes all prior or contemporaneous communications, agreements or undertakings with regard to the subject matter hereof; this Contract may not be modified or terminated except by a written agreement of Seller and Buyer. Buyer shall not transfer or assign this Contract or any part thereof without Seller's prior written consent. Ex2: Export Credit Insuarance/p 109

To stimulate exports and protect the exporter against major risks, some countries set up a special type of insurance: it does not insure goods, but it insures the exporter against the risk of non-payment. Most traditional exporting nations—the European countries, for example—offer such insurance. Zimbabwe is an example of a developing country that helps its exporters in this way. (It is worth stressing that export credit insurance is not a charity but a commercially viable proposition; export credit insurance companies commonly report up to 15% profit on their business.) To buy such insurance, the exporter explains the details of the business to an insurance company and receives a quotation. Sometimes the insurer refuses to quote. This may mean that the insurer has used its network to run some checks on the buyer and found the buyer uncreditworthy. This is a sign to the exporter that the business is risky. (It might also mean that the insurer has checked on the exporter and found some problems: a criminal record, perhaps, or a history of unpaid insurance premiums.) Export insurance premiums vary according to the type of goods exported, the creditworthiness of the buyer, the political stability of the buyer's country, and so on. Figures mentioned to the author by the Zimbabwe Credit Insurance Corporation are attractive, however—a typical policy costs between 0.5% and 1% of the invoice price. Attractive as it is, export credit insurance has certain clear limitations: there is always a long wait between the time when the buyer fails to pay and the time when insurance company compensates the exporter—six months is typical. And when compensation is paid, it is unlikely to cover 100% of the original invoice price. However, with export credit insurance, the exporter is covered against the worst. PART 2: WRITE IN EACH BLANK WITH THE NAME OF THE DOCUMENT NEEDED.

Chọn 1 mục ở bên cột này với cột bên kia tạo thành câu hoàn chỉnh hoặc có thể là điền vào chỗ trống. Ví dụ: 1, A commercial invoice must be made out to the applicant for… 2, The description of the goods on the invoice must conform with the description in the letter of credit. 3. The amount shown on the invoice should not be more than the amount permitted by the letter of credit:...
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