BU231 Chapter Notes - Chapter 30: Barter, Export Subsidy, Portfolio Investment
Document Summary
Foreign trade the buying and selling of goods and services between parties from different countries. Foreign presence placing representatives of a business in foreign markets or establishing office there, when this grows substantially it becomes foreign investment. Foreign investment conducting operations in a foreign market. Contract of sale involves a number of parties and consists of several distinct but related contracts. This consists of the agreement for the sale of goods, the transportation of the goods, the insurance during shipment and the financing. Export houses/ freight forwarders specialist firms that make the arrangements for shipment, insurance and financing in export sales. Done to make it easier on the parties and to ensure it is done right so experts are appointed. Proper law of the contract law of country or jurisdiction by which the terms of a contract or disputes in it are to be interpreted and decided. Must look to conflict of laws/private international law.
