Singapore University of Social Sciences

International Trade Law (LOG305)

Synopsis

It is necessary in all forms of commerce that there is a legal framework that provides all parties involved a common understanding concerning matters of formation of contracts, the requirements of the contract and performance of the contract. The legal framework should also provide parties with the ability to perform the contract by making arrangements for transport and payment for the goods and where necessary insurance. In the event that a dispute arises, there must also be a framework which allows for the aggrieved party to seek legal redress. The legal framework is even more important when it comes to international trade. Distance, political and social divides require parties in an international trade transaction to exercise caution. A party in one country takes on enormous risk when it decides to enter into an international trade transaction with a party somewhere across the world. Yet in recent times, international trade has grown significantly requiring attention on the legal framework that exists and possibility of harmonisation of laws across the world. This course provides students with an understanding of the legal issues related to an international trade transaction. Students will gain insights into the various interests of the parties involved in an international trade transaction and evaluate the various solutions employed to resolve such issues. In particular, students will also examine more closely the laws relating to international law, trade terms and international conventions/codes of law, charter parties, insurance, payment systems and the different methods of dispute resolution.

Level: 3
Credit Units: 5
Presentation Pattern: Every January

Topics

  • Introduction to International Trade Law
  • Trade Terms
  • UN Convention on the International Sale of Goods
  • E-commerce in International Trade
  • Electronic Transactions and Security
  • Charter Parties
  • Bills of Lading
  • Carriage of Goods by Sea
  • International Carriage of Goods by Ar, Road and Rail
  • International Carriage of Goods by Multimodal Transport
  • Marine Insurance
  • Letters of Credit
  • Civil Jurisdiction
  • Choice of Law
  • Arbitration and Mediation

Learning Outcome

  • Apply the trade terms and convention in international trade transactions.
  • Analyse the legal framework related to e-commerce, electronic transactions and security.
  • Formulate the legal course of action available in disputes arising from the transport of goods by sea.
  • Propose the legal course of action available in disputes arising from the transport of goods by air, rail and road and multimodal transport.
  • Appraise the situations of loss or damage to goods in marine insurance.
  • Recommend the legal remedies in disputes involving international trade payments.
  • Examine the impact of civil jurisdiction and choice of law in international disputes.
  • Discuss the impact of arbitration and mediation as alternative dispute resolution methods.
  • Relate the legal principles and frameworks in international trade to the work environment.
  • Develop the essential knowledge and interpersonal skills to work effectively in a team.
  • Demonstrate written proficiency.
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