StudentShare solutions
Triangle menu

Trade Law - Essay Example

Not dowloaded yet

Extract of sample
Trade Law

(ICC, 2000)
'Under an FOB sale, the buyer is responsible for making the arrangements for shipping the goods to their destination'. (Sassoon, 1995) Thus, it had to be Carlos' obligation to make all shipping arrangements with him being the buyer of the goods. Moreover, according to the FOB contract law, the seller is not under a duty to ship the goods until he has received shipment instructions from the buyer; thus Benny was not obliged to arrange any shipment without Carlos giving him the necessary instructions. It should be added, that this is the Buyer's responsibility to arrange the shipment of goods to the port of destination.
According to s 20 of the Sale of Goods 1979, risk passes with property and in FOB sales risk passes along with property upon shipment - that is, when the goods pass the ship's rail. ...Show more

Summary

The aim of the paper is to consider the case described in the task and to analyze it through the issues which have arisen in the case; it is essential to apply FOB trade law statements to find the solutions to each issue of the case.
It is essential to note at the beginning of the work that FOB English contract law and INCOTERMS 2000 law are somewhat different in their definition, and thus it will be necessary to use both to come to better solutions, though INCOTERMS is beneficial for better specifying obligations of both parties - the buyer and the seller…
Author : augustine86
Trade Law essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Trade Law"
with a personal 20% discount.
Grab the best paper

Related Essays

International trade law
The risk of loss rules determines whether the seller may still recover for the price of the goods or whether the buyer must pay for the goods and take delivery, despite the fact that the goods are totally destroyed.
15 pages (3750 words) Essay
International Trade Law and Institutions
Due to the ever increasing complexity of the global economy, as well as the need for checks and balances to ensure that international business and trade are conducted in an ethical and beneficial manner, international organizations have rose to prominence which were created in an effort to serve as arbiters in commerce and trade disputes that cross the boundaries of nations, oceans and continents.
10 pages (2500 words) Essay
International Trade Law
Both laws also define the liabilities, duties and rights of the three parties in maritime trade i.e. shipper, the common carrier and the consignee. Both set up international rules for the carriage of goods by sea for the purpose of regulating maritime activities and resolving maritime disputes between the aforesaid parties.
12 pages (3000 words) Essay
European Community Trade Law
The underlying principle is that goods that are lawfully marketed in One Member State may also be marketed in all other Member States of the Union. This is known as mutual recognition. However the products should be free from defects irrespective of member states of origin.
20 pages (5000 words) Essay
International Trade Law Assignment
Headquartered in Geneva, Switzerland, the primary objective of the WTO is to help trade flow smoothly, freely, fairly and predictably. At its heart are the WTO agreements, negotiated and signed by the bulk of the worlds trading nations and ratified in
6 pages (1500 words) Essay
Trade Law
It is essential to note at the beginning of the work that FOB English contract law and INCOTERMS 2000 law are somewhat different in their definition, and thus it will be necessary to use both to come to better solutions, though INCOTERMS is beneficial for better specifying obligations of both parties – the buyer and the seller.
6 pages (1500 words) Essay
European Community Trade Law
The underlying principle is that goods that are lawfully marketed in One Member State may also be marketed in all other Member States of
20 pages (5000 words) Essay
International Trade Law
The General Agreement on Tariffs and Trade was created by the US and its allies after the Second World War. Its creation was an answer to the disruptions of trade that happened during the Great Depression and during World War II. The GATT was signed in 1948 and was considered as an after war opening of trade liberation in the World.
15 pages (3750 words) Essay
INTERNATIONAL TRADE LAW
Letters of credit have now become so vital because of factors like distance, unfamiliarity between parties, different laws etc (Letter of credit. 2009) letters of credit instruments
8 pages (2000 words) Essay
Private International Trade Law
CISG known as Convention on the International Sale of Goods is the essence of international sale of goods. It ensures buyer and seller obligations
12 pages (3000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT