Price terms are mainly applied to determine the prices of commodities in international trade.

T

F

When the contract requires payments to be in US dollar, the relevant L/C may choose to effect payment in RMB.

T

F

According to the CISG, a late acceptance caused by abnormal transmission of the post office is nevertheless effective unless the offeror shows objection without delay.

T

F

As an exporter, you conclude a deal on the basis of EXW, then your transaction risks and responsibilities are reduced to the minimum.

T

F

The quantity term of goods is one of the conditions of an effective sales contract.

T

F