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V. Read and translate into Russian:

Incoterms 2000

When commercial traders enter into a contract for the purchase and sale of goods they are free to negotiate specific terms of their contract. These terms include the price, quantity, and characteristics of the goods. Every international contract will also contain what is referred to as an Incoterm (international commercial term). The Incoterm selected by the parties to the transaction will determine which party pays the cost of each segment of transport, who is responsible for loading & unloading of goods, and who bears the risk of loss at any given point during a given international shipment. Incoterms also influence Customs valuation basis of imported merchandise. Incoterms are overseen and administered by the International Chamber of Commerce in Paris and are adhered to by the major trading nations of the world. There are currently 13 Incoterms in use, and they can be considered on the basis cited above. Incoterms or international commercial terms are a series of international sales terms widely used throughout the world. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices. They closely correspond to the U.N. Convention on Contracts for the International Sale of Goods.

ICC introduced the first version of Incoterms - short for "International Commercial Terms" - in 1936. Since then, ICC expert lawyers and trade practitioners have updated them six times to keep pace with the development of international trade.

Most contracts made after 1 January 2000 will refer to the latest edition of Incoterms, which came into force on that date. The correct reference is to "Incoterms 2000".

Incoterms (The most common ones are shown with *.)

CFR

CIF*

CPT

CIP

DAF

DES

DEQ

DDU

DDP

EXW*

FCA

FAS

FOB*

-This price includes Cost and Freight, but not insurance, to a named port of destination in the buyer's country.

-This price covers Cost, Insurance and Freight a named port of destination in the buyer's country.

-The cost and transportation of the goods, Carriage Paid to a named destination in the buyer's country.

-The cost and transportation of the goods, Carriage and Insurance Paid, to a named destination in the buyer's country.

-The cost, insurance and transportation of the goods Delivered At Frontier.

-The cost, insurance and transportation of the goods Delivered Ex-Ship.

-The cost, insurance and transportation of the goods, unloaded from the ship and Delivered Ex-Quay.

-The cost, insurance and transportation of the goods Delivered Duty Unpaid to the buyer.

-The cost, insurance and transportation of the goods Delivered Duty Paid to the buyer.

-This price is the Ex-Works cost of the goods. The buyer arranges collection from the supplier and pays for freight carriage and insurance.

-The Free Carrier price includes all costs to a named point of loading onto a container. The buyer pays for onward shipment and insurance.

-This price includes all costs to a named port of shipment Free Alongside Ship. The buyer pays for loading, onward shipment and insurance.

-This price includes all costs of the goods Free On Board a ship (or aircraft) whose destination is stated in the contract. The buyer pays for onward shipment and insurance.