The law and practise of International Trade

In international trade, letters of credit for almost all documents are subject to UCP issued by the International Chamber of Commerce. The reason is that the goods are transported for a long time, the seller and the buyer are in different countries, and it is impossible to exchange products at the same time, so there is a problem with payment. One of the most common means of payment in international trade is a letter of credit (L / C), also called documentary credit (DC).

The focus of this course is on international sales of goods, including international treaties on the sale of goods, international trade control, and resolution of international trade disputes. (1) international documentary sales, bill of lading and other commercial forms, (2) trade barriers of tariffs and non-tariffs, (3) the World Trade Organization, GATT and TRIPS, (4) free trade area and tariffs (6) protection and authorization of intellectual property rights, (7) resolution of international disputes, (8) contract selection law, and forum selection clause. This course meets the IBT curriculum requirements of the "Civil law and international law" category of the core curriculum. Recommendations, but not necessarily international commerce must be done in order: sales and trade and international commerce: investment and finance (auxiliary course)

There are two parts of the International Commercial Code, private law and public law, including private law in international commerce such as international trade, financial transactions, export licenses and distribution contracts. Public laws related to agreements that help to establish the framework of the International Commercial Code (eg treaties, tariffs, tariffs ...) When buyers and sellers agree to purchase terms for a particular item, commerce begins. Detailed quantity and price (sales contract) In this contract, it is necessary to acquire ownership of goods from the viewpoint of purchaser. For sellers, it is important to have legal provisions for providing collections.