StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - Trade Law

Only on StudentShare
Pages 5 (1255 words)
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…

Extract of sample

(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. ...
Download paper
Not exactly what you need?

Related papers

International Trade Law
The hunting of seals in Canada in the adjoining waters of the Arctic Ocean is believed to have begun in the 16th century. Seal hunting for commercial purposes grew into an important trade in the 1980s decade in Canada. This mainly includes the Inuit group of people, the residents of Atlantic Canada and also North Canada. The United Nations in its Declaration on the “Rights of Indigenous…
9 pages (2259 words)
International Trade Law
The terms were also accepted by the Surflife Company and they replied through an email with their expression of happiness with the terms. Although there was no exchange of any other terms, the two parties could be understood to be in terms of an agreement and involved in a contract. However, the problem had arisen in the delivery on part of the PJ Company owing to a mistake occurred by one of the…
8 pages (2008 words)
Perspectives on International Trade and Finance
Examples of countries that Nike Inc. imports the products from include those in parts of Asia and Taiwan. These products are imported to the United States after which further processing is carried out before exporting them to international markets. These processes involve strategies and marketing processes worth researching. This paper discuses import and export strategies of Nike Inc. that has…
7 pages (1757 words)
Business law - chinese trade and investment law
Significantly, in accordance with the principle of the balance between rights and duties, once China joins the WTO, China is said to be able to enjoy a "most favoured nation status" (Chen 2000). China's interest in WTO according to Chen (2000) is thus -…
12 pages (3012 words)
International Trade and Maritime Law
Carrier is deemed to be in charge of the goods at the time of receipt of goods to the time of delivery.…
10 pages (2510 words)
The World Trade Organization
These are just some of important concepts in international business. These concepts are very essential in understanding international business so as to know how it works in the international arena. Furthermore, it is important to understand these concepts so as to understand international business and other activities related to it. There are many issues surrounding international business.…
10 pages (2510 words)