Determine whether the statements are true or falsePut T for true or F for false in the table

1. Usually terms of trade are stipulated in the trade contract and clearly indicate both parties responsibilities.

2. Claim and arbitration clause must be included in the written contract.

3. Once signed, I need amendments and supplements to the present contract could not be accepted.

4. A firm offer must indicate that once it has been an conditionally Accept by the offered within its validity,The offer is binding on both parties.

5. Written form of contract has a lot of advantages in disputes. Resolving so every contract should be conducted in writing.

6. In most cases both the buyer and the seller will experience many runs of offer and counter offer before. Concluding a contract.

7. A firm offer should include at least three specific conditions, name of commodity, quality of commodity and price of commodity.

8. In reality.the quantity of goods shipped must be exactly the same with that stipulated in the contract.

9. In terms of systems of ways and measures. China adopts us system due to is being widely applied in the international trade.

10. The more or less clause means that the quantity delivered can be more or less within certain extent.

11. Counter sample can help avoid disputes over the quality of goods in the future transaction.

12. Sale by description and illustraction is applicable to those products which are complicated in structure.

13. Quality tolerance will be stipulated in the contract to indicate that so long as both parties agree, quality differences can be tolerated.

14. The grade of the same products always the same in different countries.

15. Packing should be designed according to the need of the cargo.

16. Whether sale by buyers sample or buy sellers sample. The quality of the commodities should be strictly the same as the sample. Otherwise it should be stipulated in the contract clearly.

17. The fluctuations of exchange rates may influence the interests of both exporter and importer.

18. Commission refers to service fee while discount is a certain percent of price reduction.

19. If the seller agrees to deliver the goods to the ship, but not to pay for loading them, the term is FOB.

20. The DDP should not be used if the seller is unable to obtain import lessons directly or indirectly.

21. Under CFR, the seller must pay the usual freight rate and any additional costs .

22. The D terms are arrival contracts while the C terms evidence, departure shipment contract.

23. Multimodal transport means the goods are carried by at least two modes of transport under at least two multimodal transport operators.

24. For terms marked with "W/M", the freight is to be calculated on the basis of weight ton or measurement ton, subject to the higher rate.

25. The premium charged for the insurance policy is calculated according to the risks involved.

26. In international trade, if All Risks was covered, any loss caused by any reason on the way can be compensated by insurance company.

27. Although the insurance has been covered by the exporter, sometimes, the importer still needs to make extra insurance arrangement for a wider cover.

28. The date of issuance of B/L should be earlier than the date of issuance of insurance policy.

29. Container offers better protection for the goods, so container shipments have a higher premium than break- bulk shipments.

30. According to the usual practices, the insured amount, if not specified in the sales contract will be 110% of CIF or CIP price.