Essays on Bill Of Lading

Question one

K Company has restricted the European based from using the operating system to develop their computer brand. It denied them the right of sharing the copyright and patents of its software. It thus meant that it was the only company in the market trading the computers using that particular operating system. The company’s action violates article 81 and 82 by not a binding to set regulation of the agreement. Article 81 and 82 of the European Community Treaty are agreements that bind the activities or transaction-taking place between two nations. According to article 81, it states that all parties ...

International arbitration allows international business persons from different legal backgrounds to amicably solve their grievances. Parties to a contractual agreement or in an international relationship seek an impartial party who carries out the adjudicatory process. The resolution by the arbitrators is usually binding and carries a provision of arbitration in future contractual disputes. International Arbitration has over the last half century gained popularity because of the expeditious nature of the method. Businesses and international traders prefer international arbitration to the domestic legal process. A dispute would usually be handled under the judicial system under which the dispute occurred. Resolving the dispute ...

- Panamax. In case of bulk carrier, it is about 65/82,000 dwt, 7 hatches/holds, it is usually without gear. In case of tanker, Panamax has about 60/80,000 dwt. - Capesize – around 120/200,000 dwt, 9 hatches/holds, without gear. - VLCC – Very Large Crude Carrier – about 240/320,000 dwt. - Handysize. In case of bulk carrier, it has about 20/35,000 dwt, 4 or 5 hatches/holds. It is geared with 25-35 ton cranes. In case of tanker, it has about 10/37,000 dwt. - Handymax – about 36/49,000 dwt, 5 hatches/holds. It is geared ...

Part One: Advice to Cecil

Introduction The case falls within the province of the Sale of Goods Law. The facts of the case are that Sven, the seller tendered for the transit of goods, the goods being 10000 cans of beetroot and 5000 cans of carrots. The goods were transferred in carriage by a carrier, the Maid of Orleans under the management of Pierre. During the transfer of the goods, the seller, Sven entered into a contract of sale with the buyer, Cecil. Cecil consequently received ownership of goods through a sale by description which in the same vein falls under a future sale. In overall, therefore, ...

Abstract

This paper explores such questions as the definition of letter of credit, its type, the use of these types ate mentioned. The point of using letter of credit is studied and the work of this mean of payment is described. The advantages and disadvantages of the main types of letter of credit for sellers and buyers are considered. Keywords: letter of credit, issuing bank, advising bank, seller, buyer, bill of lading, commercial invoice. As a very common way of international payments that causes the risks of transactions to be divided between the buyer and seller Letter of credit ...

Task

Compare the corporate form of organization with the sole proprietorship and the partnership.

Describe the principles dealing with ways of creating value and economic efficiency

The major principles include comparative advantage and absolute advantage. Comparative advantage is the ability of a country to produce a particular commodity in a more efficient way than other countries. Countries that have modern machinery are likely to produce machine intensive products than other countries. Absolute advantage is the ability of a county to be able to produce a particular commodity that other countries do not produce. For instance, a country that is endowed with a unique mineral that is not produced by other countries can be said to have absolute advantage ...