Price terms are those english abbreviated letters used to represent relevant formalities , expenses , risks and obligations between sellers and buyers during the period of delivery of goods 所谓价格术语,就是指用若干个英语缩写字母，说明商品在交货的过程当中，买卖双方有关手续、费用、风险以及义务的划分。
In order to clear up the confusion that existed in the international trade , the international chamber of commerce drew up a set of standard terms and definitions in 1953 and revised them in 1980 为了避免国际贸易中的混乱局面，国际商会于一九五三年起草了一系列标准价格术语和定义，并在一九八零年作过一次修改。
Generally , the letter of credit specifies the beneficiary ' s name , description of good , quantity , unit price , total amount , ports of loading and destination , price terms , payment terms , shipping validity , negotiation validity , etc 一般信用证中规定了受益人的姓名、货描、数量、单价、总金额、起运港、目的港、价格术语、付款方式、装运期限、议付期限等。
