Management and Organizational Studies 2276A/B Study Guide - United Nations Commission On International Trade Law, United Nations Convention On Contracts For The International Sale Of Goods, World Trade Organization
27 Feb 2013
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Document Summary
Us is canada"s largest supplier of imports. Must take other customs, laws, languages etc. into account when doing business internationally. Custom brokers and freight forwarders help make sure goods are traded successfully. Wto created in 1995, succeeded gat as an organization, but gat is still an agreement that the wto enforces. Customs: language barriers, accepted conventions (standards) contractual provisions with widely understood meanings. Vienna convention cisg (convention on the international sale of goods) Payment, e. g. seller (china), buyer (canada) Buyer doesn"t want to pay until goods are shipped and seller doesn"t want to ship until goods are paid for. Bill of lading supplier ships the goods to. Canada, bill is given to the shipping company so they can confirm the goods are on board, the bill is also given to the chinese bank, which is then sent to the canadian bank saying the goods have. Invoices for both parties and customs.
