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International Aspects Of Business Law - Coursework Example

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International Aspects of Business Law Contents Executive summary…………………………………………………………………………3 Findings from the statements of law……………………………………………………….4 Obligations of the seller…………………………………………………………………….4 Obligations of the buyer…………………………………………………………………….5 Obligations of both parties………………………………………………………………….9 Dispute resolution……………………………………………………………?…
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International Aspects Of Business Law
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International Aspects Of Business Law

One of the event was several boxes were dropped by the crane during loading of the consignment. It occurred due to overloading of the net through which the boxes were lifted. Secondly, the carrier during the course of voyage also encountered rough weather conditions. Now the matter of concern for the buyer namely, Nee Soon Wat was the extent of damage of materials in the dropped boxes. But after inspection of the dropped boxes he found that the objects were intact. So he formally accepted the goods and paid Sefton Toys for the consignment. But at the time of unloading of the consignment it was discovered that rest of the uninspected shipment got affected largely due to shifting during the rough weather of the voyage. The improperly stowed cargo was the reason for shifting of the boxes. Furthermore, some serious mistake in the date of the paper works related to bill of lading is also present. Some information regarding the shipping terms are also provided in this case study to resolve this problem. Those are: firstly, during this transaction shipping terms were under Incoterms 2000. Secondly, the contract made by them expressed to be subject to the UN Convention on Sales 1980 (Vienna Convention). Findings from the statements of law The contract between Sefton Toy’s and Nee Soon Wat was based on two contractual laws; Incoterms 2000 and UN Convention on Contracts for the International Sale of Goods. According to, UN Convention on Contracts for the International Sale of Goods the obligations of buyers and sellers are given below which will help to resolve this case. Obligations of the seller According to this Convention generally the obligations from seller’s end is the delivery of goods along with documents in conformity with the contract. This Convention also made supplementary rules which can be used in absence of agreement of contract. These rules states how, when and where the obligations should be performed by the sellers. It also provides numerous rules about the seller’s obligations regarding quality of the commodities being sold. It suggests the seller must convey the commodities matching to the quality, quantity and description which are requisites of the buyer defined in the contract. The goods to be also packaged and marked according to the requisites of the buyer described in the contract. One significant rule which involve seller’s obligation is that the delivered merchandise should be free from third party rights or claims. There is another rule which is connected with the buyer’s obligation that is to inspect the goods. If any lack of conformity is discovered by the buyer in accord to the contract he must serve a notice within a rational period. It must be within 2 years from the delivery date of the consignment. (United Nations Convention on Contracts for the International, p.38) Obligations of the buyer According to this convention the obligations from the buyer’s end are making the payment for the goods and accepting the delivery in accordance to the contract. During making payment it also includes performance of duties ... Read More
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