Subjects:

International Trade

Contents:

Preface

Table of Statutes

Table of Cases

Glossary

The International Sales Background

Subject matter

Organisations

Sources of law

Quality, fitness and description in international commodity sales

Quantity: entire and severable contracts

Speculation, hedging and string trading

The CISG: General Issues

The CISG and English Law Compared

FOB Contracts

CIF Contracts

The nature of a CIF transaction

Notice of Appropriation/Declaration of Shipment

Timely performance

Bills of Lading

Continuous Documentary Coverage

Contract of Carriage and Charterparties

Delivery Orders

Insurance Documents

Lawful and Effective Documents

Other Documents

Documentary exchange

Arrival of the ship

Payment

Introduction

Negotiable instruments

Bank collections and letters of credit

Import and Export Licences

Applying for Export and Import Licences

Guaranteed Procurement or Due Diligence to Procure?

Impossibility of Performance

Initial Impossibility (Mistake)

Subsequent Impossibility (Frustration)

Remedies: Termination and Damages

Termination of the Contract

The Integrity of the Documentary Exchange

Damages

Excluding the Sale of Goods Act Rules

The Twin Rights of Rejection and the Seller's Damages Liability

Passing of Property and Risk

Passing of Property

Reserving the Right of Disposal

Transfer of Risk

The appropriation of lost cargoes

Bills of Lading and Documents of Title

The buyer and carrier

Bills of lading as documents of title

Evidentiary function of bills of lading

Bills of lading: other matters

Other shipping documents

Non-negotiable documents and the power to transfer title

Alternatives to the negotiable bill of lading

Index

APPENDICES

FOSFA Contract No. 53

GAFTA Contract No. 100

Carriage of Goods by Sea Act 1992

Vienna Convention on the International Sale of Goods 1980

Out Of Print

This work provides a much-needed detailed treatment of the international sale of commodities. It focuses on all the key issues in international commodity sales, including the contractual construction of FOB and CIF terms, import/export licenses, frustration and risk, termination for breach, and damages.

An important feature of the book is the comprehensive analysis of the legal principles that arise from terms of the standard contracts promulgated by trading associations such as GAFTA and FOSFA. The book also includes detailed coverage of all the important recent statutory developments in the law of sale, namely, the Carriage of Goods by Sea Act 1992 and the Sale of Goods (Amendment) Act 1995.

There is also in-depth analysis of the UN Convention on the International Sale of Goods.