INTERNATIONAL TRADE LAW - 2018/9
Module code: LAWM090
The module covers the English law relating to the relationships that exist between the seller and buyer located in different jurisdictions in the context of international sales of goods and examines the international conventions, principles and rules that affect their relationship.
School of Law
HOLT R Mr (Schl of Law)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: M221
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Co-requisite: LAWM088 - International Carriage of Goods by Sea
Indicative content includes:
The law relating to standard trade terms (including CIF and FOB) under common law and INCOTERMS 2010
The remedies available for breach of international sale contracts.
The financing of internationla sale contrcts by letters of credit.
The inter-relationship of the Carriage of Goods by Sea contarct with the international sale contract and other related contracts
Jurisdiction and Choice of law
|Assessment type||Unit of assessment||Weighting|
|Coursework||3,000 WORD COURSEWORK (1 TAKE HOME ASSESSMENT TO BE COMPLETED WITHIN A WEEK)||100|
The assessment strategy is designed to provide students with the opportunity to demonstrate that they both have understood coherently the key commercial concepts covered in the module and have met the listed learning outcomes.
The summative assessment for this module consists of:
A take home assessment to be conducted in one week (as may happen in real life). The assessment will be based on a realistic scenario.
The answer will have a word limit of 3,000 words.
Formative assessment and feedback
Students will receive verbal feedback on their performance in Seminars.
In addition, students will be asked to submit a written answer to a question. They will receive written feedback on their answer. This will take place during the course.
- This module aims to: familiarise students with the area of private international trade law and to promote in them a critical awareness of the role of the law in regulating the conduct of the parties to an international sale contract. The areas that students will engage with are the following:
- The significance of standard trade terms such as CIF and FOB in international commercial contracts and the remedies available when problems arise.
- The financing of international sale contracts.
- The relationship of the carriage of goods by sea contract to the international sale contract.
- The importance of jurisdiction and choice of law to the different contracts.
- Resolution of disputes by arbitration.
- An overview of marine insurance and its relationship to the international sale contract.
|001||Explain the significance of international conventions and rules drafted by the International Chamber of Commerce in addressing the problems encountered by the seller and buyer in international business transactions||KC|
|002||Demonstrate a critical understanding of the role of standard trade terms and INCOTERMS 2010 in international sales of goods||KCPT|
|003||Demonstrate a critical understanding of the remedies available when problems arise in international sale contracts||KCPT|
|004||Demonstrate a critical understanding of how international sale contracts are financed under letters of credit and the problems that arise||KCPT|
|005||Understand how carriage of goods by sea contracts inter relate with international sale contracts||KCPT|
|006||Understand the importance of jurisdiction, choice of law and arbitration in international sale contracts||KCPT|
|007||Demonstrate an understanding of marine insurance||KC|
|008||Apply the knowledge acquired in solving problems reflecting actual commercial situations||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
Provide an overview of the topics to enable students to understand the essential principles of each topic and their commercial significance. This enables students to deepen their knowledge of the topics through their own research and reading.
Provide occasions when students can demonstrate their ability to apply their knowledge to questions and to raise questions.
The teaching and learning strategy is designed to stimulate private study using primary and secondary sources, both paper-based and electronic. The aim of the strategy is to develop an understanding and critical awareness of the essential principles and underlying policies of international trade law.
The learning and teaching methods include:
One 2-hour Seminar over 11 weeks. The seminars will involve a combination of overviews of topics and opportunities for interactive class discussion of areas and analysis of questions.
Studnets are expected to participate actively in class discussion and are expected to undertake substantial background reading and research prior to and after each seminar.
The course will be supported by a handbook including specimen questions.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for INTERNATIONAL TRADE LAW : http://aspire.surrey.ac.uk/modules/lawm090
Programmes this module appears in
|Business Management (Entrepreneurship) MBus||1||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Business Management (HRM) MBus||1||Optional||A weighted aggregate mark of 50% is required to pass the module|
|International Business Management MBus||1||Compulsory||A weighted aggregate mark of 40% is required to pass the module|
|Business Management MBus||1||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Business Management (Marketing) MBus||1||Optional||A weighted aggregate mark of 50% is required to pass the module|
|International Commercial Law LLM||1||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.