Mr Lyall Phillips
6 points · 3 hours per week · First semester · Caulfield and in-house
Objectives On successful completion of this subject students should understand the international legal framework in which trade between nations takes place; have acquired knowledge of the law relating to international contracts of sale, finance of international trading transactions, international carriage of goods, insurance in international trade and dispute resolution; be fully familiar with the form and nature of documents used in international trade including contracts of sale, shipping documentation, invoices, insurance policies, bills of exchange and letters of credit; be able to identify and understand legal issues in an international trade context.
Synopsis Topics include law of international trade, including rights and duties in international sales transactions; legal regimes governing contracts for carriage of goods internationally; legal aspects of financing international trade; shipping documents, documentary collections and letters of credit.
Assessment Research paper (5000 words): 50% · Examination (3 hours): 50%
Prescribed texts
Burnett R The law of international business transactions
Federation Press, latest edn and/or
Petony B and others (eds) Commercial transactions: Cases and materials
Butterworths, latest edn
Carriage of Goods by Sea Act 1991 (Cth)
Finance of international trade NAB, latest edn
Sale of Goods (Vienna Convention) Act 1987 (Vic.)