Abstract: International project financing is an innovative financing mode,maturely applied by western developed countries in the field of infrastructure and the construction of industrial facilities.Raising project funds is the fundamentality and purpose of project financing,which mainly relies on project loan.Different from commercial credit for the general meaning, loans of project financing will encounter many risks and legal issues in practical operating process.Thus,for loan bank,it shall fully analyze the possibility and extent of various risks so as to take proper measures to avoid risks.So,this thesis discusses the risk and precaution of loan contract in international project financing from financing form of project international borrowing.