Law of International Trade Element Essay Example | Topics and Well Written Essays - 2000 words

Law of International Trade Element - assay Exampleto the rule under CIF contract the end consignee cannot reject the aeronaut after its payment, despite inadvertently having no ideal due to the changed information. Nevertheless, there had no additional clause to exclude any deed with the original shipper. He is hence left with accusations of the carrier which lie on false deceit and shock of contract for delivering false representation.The arising issues from the problem scenario between the original owner (Li) of the brown sugar goods and the last vendee (Xu) were as a consequent of rushed sales where an opportune buyer existed. The second seller (subgenus Chen) want to sell the goods to Xu who allegedly had developed some despicable reputation for any transaction with Li, due to poor delivery timing. The problems addresses the bill of lading, itemally the misconception of the actual shipper of the goods, accuracy in the bill of lading, and the issue of one bill at the time of payment in the agreed cash against documents transaction.The sellers of the goods under CIF contract have specific obligations they are required to fulfill with respect to shipment of the sold items at the load port. Under the CIF contract, the transportation system documents and in this case the bill of lading is very crucial o enable future proceeding of the buyer concerning the goods being shipped. The seller is responsible of acquiring or preparing the correct shipping documents and tender them to the consignee (buyer) to an mortal he has nominated (Galdes, 2001). With respect to this statement both the sellers had made efforts to obtain the bill of lading for their buyers. Chen used the shipping documents that had been delivered to him from Li and no matter the hurry to sell the goods Xu while they were still on shipment, a bill of lading was presented to Xu. The seller had accomplished his mission in shipping the document though a single one.The other duties of the selle r concern the shipped goods to the destination port. The seller is