The latest edition of “Inconterms”is “Inconterms2000”,which was amended in July1999 by__1_

_ and published in January 1, 2000. The “Inconterms 2000” includes 13 different international trade terms. They specify at which point the risk of loss and/or damage passes from the seller to buyer as well as which party pays for specific activities. FOB,__2__and CIF are the traditional three trade terms among them, which are most widely used in international trade. Like CIF,the__3__must pay the costs and freight and insurance necessary to bring the goods to the named port of destination. While the new three terms FCA, CPT and CIP developed on the basis of the traditional ones. The traditional three terms can be used only for sea or inland waterway transport and the new three terms can be used for any mode of transport especially__4___. Take CPT and CFR for example, the major difference is that CFR can only be used for sea and inland waterway transport, while CPT can be used for any mode of transport, if the parties do not intend to deliver the goods across the ship’s rail,the__5__term is preferred.

1. A. ICC

B. WTO

C. FIATA

D. United Nation

2. A. CFR

B. CPT

C. FCA

D. CIP

3. A. Carrier

B. Seller

C. Buyer

D. Consignee

4. A. sea transport

B. air transport

C. road transport

D. muti-model transport

5. A. CFR

B. CPT

C. FCA

D. CIP