Language of Trade: International Commerce Terms
Running head: Language of Trade
Language of Trade:
International Commerce Terms
International Logistics Management, TLMT 342
Professor
February 21, 2010
Abstract
International Trade has been a long standing practice between foreign nationals. Countries require commodities or goods from other countries for their needs. They in turn provide the reciprocal thus enhancing the countries development and economics. Because of the cultural and foreign business barriers, countries have to communicate effectively.
Canada, China and Japan are the United States major trade partners. If a shipping problem or damage to goods occurs in route to the United States from one of these countries responsibility has to be established. International Commerce Terms (Incoterms) have been established to clarify and establish shipping and delivery responsibilities between buyers and sellers to bridge the foreign and cultural business gaps. Incoterms specified on the freight bill outlines the responsibility of both parties to the damage.
Language of Trade
International Commerce Terms
The languages of trade, International Commerce Terms (Incoterms) are standard international trade terms. Incoterms establish and regulate the necessary trade definitions most commonly used in international sales contracts to minimize foreign barriers and a common understanding to international trade. International trade has been in existence since the early 1800s. The English and Cantonese nationals used applied/simplified words, sounds, or body language to communicate their terms of trade. As the profitable business of international trade expanded among foreign nationals a form of communication was necessary. Because interpreters among the foreign traders were limited, business English, also known as Chinese Pidgin English, was used to communicate. The applied language of trade was Chinese Pidgin English, a combination
Language of Trade:
International Commerce Terms
International Logistics Management, TLMT 342
Professor
February 21, 2010
Abstract
International Trade has been a long standing practice between foreign nationals. Countries require commodities or goods from other countries for their needs. They in turn provide the reciprocal thus enhancing the countries development and economics. Because of the cultural and foreign business barriers, countries have to communicate effectively.
Canada, China and Japan are the United States major trade partners. If a shipping problem or damage to goods occurs in route to the United States from one of these countries responsibility has to be established. International Commerce Terms (Incoterms) have been established to clarify and establish shipping and delivery responsibilities between buyers and sellers to bridge the foreign and cultural business gaps. Incoterms specified on the freight bill outlines the responsibility of both parties to the damage.
Language of Trade
International Commerce Terms
The languages of trade, International Commerce Terms (Incoterms) are standard international trade terms. Incoterms establish and regulate the necessary trade definitions most commonly used in international sales contracts to minimize foreign barriers and a common understanding to international trade. International trade has been in existence since the early 1800s. The English and Cantonese nationals used applied/simplified words, sounds, or body language to communicate their terms of trade. As the profitable business of international trade expanded among foreign nationals a form of communication was necessary. Because interpreters among the foreign traders were limited, business English, also known as Chinese Pidgin English, was used to communicate. The applied language of trade was Chinese Pidgin English, a combination
References: Encyclopedia Britannica (2010). Retrieved on February 20, 2010, from http://www.britannica.com/EBchecked/topic/459666/pidgin Export911 (2010). Retrieved on February 20, 2010, from http://www.export911.com/ International Chamber of Commerce (2010). Retrieved on February 20, 2010, from International Chamber of Commerce: The world business organization: http://www.iccwbo.org/ Pierre, D., & Richards, s., (2008). International logistic: The management of international trade Operations. Ohio: Thomson. Steel Guru (2004). Retrieved on February 20, 2010, from http://steelguru.com/ VEDP (2007). Retrieved on February 21, 2010, from Virginia economic development partnership: International trade http://www.exportvirginia.org/ World class shipping (nd). Retrieved on February 20, 2010 from World class shipping: Logistics for the planet from: http://www.wcscargo.com/wordpress/?p=30