Papers on "International Sales Contracts" and similar term paper topics
Paper #056309 ::
International Sales Contracts
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An analysis of international sales contracts, with a focus on the terms CIF and FOB.
Written in 2004; 2,719 words; 6 sources; MLA;
$ 81.95
Paper Summary:
This paper discusses the specific implications of the dispute in the historical case, Ross T. Smyth and Co. Ltd. vs. T.D. Bailey, Son & Co. [1940] 3 All ER 60. The paper examines how this related to the seller and buyer, specifically in the context of the CIF and FOB contractual meanings. The paper describes the selling terms of CIF, which represents 'cost, insurance and freight', and FOB, which stands for 'free on board'. These terms relate to the sellers obligation of delivery of goods to the buyer.
From the Paper:
"The specific meaning of the term ?goods? has posed many difficulties for the courts. Goods refer to that which is ?tangible, physical and movable.? A sale consists in the transferring of the title of goods from the seller to the buyer for a price [2-106(1)]. The seller is under obligation to make transfer and delivery of the goods and the obligations of the buyer are to make acceptance and payment in adherence to the contract. [1-301]. Basically, parties to a contract can agree upon whatever terms they desire as long as they are both agreeable to the contract."
Tags:
incoterms seller buyer
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