Friday, January 3, 2014

Maritime Trade

This factual scenario raises various legal issues under the law governance international trade agreements , which I set out in this report1 . Obligations and responsibilities of the vender and the purchaser under the CIF Trade termsThe hold amongst parties is a CIF (cost , amends and freight guarantee and as such(prenominal) , the Seller is overlookd to assemble the carriage of the goods , their insurance in transit and all cost of such arrangements are usually included in the contract price (Bridge , 2007 . Furthermore an innate element of a CIF seller s duty is to obtain a bill of lading , an insurance policy , any other document required by the contract (Bridge , 2007 ) and to forward these to the emptor . is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!
The buyer then pays on the invoice only when they lose received the correct shipping documents (Bridge , 2007The fundamental feature of a CIF contract is that once a seller has shipped the goods , they have performed the contract by tendering conforming documents to the buyer (Treitel , 2007 . Indeed , it was described in the case of Hindley v E India Produce Co . restrain (1972] 2 Lloyd s Rep 515 ) as a contract for trade of the goods performed by refundy of documents (Sealey Hooley , 2003 . As such , the CIF contract imposes dichotomy of obligations on the seller to deliver the goods and deliver the documents . The documentary obligations require the seller to procure and face to the buyer the exact documents st ipulated in the contract (Sealey Hooley , 20! 03 . Furthermore , in the case of...If you want to have a full essay, high society it on our website:

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