Law 5110 Study Guide - Quiz Guide: Sale Of Goods Act 1979, The Seller, Ob River
Document Summary
Respective countries will always wish their own jurisdiction applies. Two options: vienna convention 1980 - failed as a solution because of the great civil law influence behind it, one jurisdiction that prevails over all other laws english law applies. Standard terms of common use in international sale transactions: Gafta: the grain and feed trade association standard form contracts for goods covering c. i. f or f. o. b. Fosfa and gafta standard contracts can be defined as a more detailed version of the. Intcoterms, dealing with specific lines of international trade more comprehensive and appealing, although blind incorporation of standard contracts may lead to unwelcome surprises. Two main types of standard term: cif and fob. The seller always ships the goods, regardless of whether the contract is cif/ fob. After he ships the goods, the bill of lading is issued by the carrier to the buyer. A receipt issued by the carrier to state that the seller shipped the goods onto the vessel.
