Essays on Appropriate Terms of Trade Coursework

Download full paperFile format: .doc, available for editing

The paper "Appropriate Terms of Trade" is an outstanding example of marketing coursework. Transport is the vital link between a receiver and a supplier, and the objective is to receive the products in good condition, where and when they are required (Ramberg, 2005). This requires close collaboration between the transporter, procurement staff, and the supplier. The journey entailed whether over air, land, or sea may introduce particular risks and costs, which can be lessened by appropriate dispatch methods, insurance coverage, proper packaging instructions, and by considering the responsibilities and the roles of the involved parties in the transportation chain to final delivery.

There are various transportation modes available for transporting products between or within different countries by either sea, air, or overland by rail and road. With increased globalization and differences in trading practices in different areas, conflicts in international arena are abound to rise. To avert these conflicts and challenges, exporters and importers or traders and customers must reach a mutual understanding of the conditions and terms under which they trade (Valioti, 2004). Thus, there are different guides that provide primary facts associated with shipping, and thus comprehensive legal aspects of trade and responses to certain challenges that could come up.

These guides provide useful information in procurement outlining the delivery terms. These guidelines commonly referred as incoterms are the vital part of any export-import dealings and regular trade definitions most commonly applied in international sales contracts. Incoterms apply only if integrated in the sales agreement or for instance, if they stipulated in the offer, the conditions of sales, the purchase order, and the validation of an order or if the parties specify them in separate contract.

The ability to select on the right method of shipment relies on different factors, comprising nature of the goods, urgency, cost, need for watchful handling, volume, and weight, value of the goods, regularity or frequency of delivery and consistency of the method (Murray, 1991).  

References

Abbott, K. W., &Snidal, D. (2001). International 'standards' and international governance. Journal of European Public Policy, 8(3), 345-370.

Caner, O. (2012). Incoterms 2010 (ICC Rules For The Use Of Domestic And İnternational Trade Terms).

Cook, T. A. (2011). INCOTERMS, Revenue Recognition and Transfer of Title. Managing Imports & Exports, 1-4.

de Castro, C. (1993). Trade and Transport Logistics Facilitation Guidelines (No. 4). SSATP Working Paper.

Ferguson, W. L., & Ferguson, T. D. (2011). Strategic Market Entry Project. Risk Management and Insurance Review, 14(1), 145-155.

Gooley, T. B. (2000). Incoterms 2000: What the Changes Mean to You. Logistics Management and Distribution, 110-139.

Johnson, P. F., Leenders, M. R., & Flynn, A. E. (2011). Purchasing and supply management. McGraw-Hill/Irwin.

Murray, D. E. (1991). Risk of Loss of Goods in Transit: A Comparison of the 1990 Incoterms with Terms from Other Voices.The University of Miami Inter-American Law Review, 93-131.

Pamboukis, C. (2005). Concept and Function of Usages in the United Nations Convention on the International Sale of Goods, The. JL & Com., 25, 107.

Ramberg, J. (2005). To What Extend Do Incoterms 2000 Vary Articles 67 (2), 68 and 69. JL & Com., 25, 219.

Reynolds, F. (2011). Revised Incoterms 2010 Take Effect January 1, 2011. Managing Credit, Receivables & Collections, 2011(1), 13-15.

Richardson, H. (1996). Freight forwarder basics. Transportation and Distribution, 37(5), 80-84.

Sampson III, H. M. (1989). Title-Passage Rule: Applicable Law under the CISG, The.Int'l Tax J., 16, 137.

Schmitthoff, C. M. (1968). The Unification or Harmonisation of Law by Means of Standard Contracts and General Conditions. International and Comparative Law Quarterly, 17(03), 551-570.

Schmitthoff, C. M. (1987). International trade usages. Oxford: Oxford Press.

Spanogle, J. A. (1997). Incoterms and UCC Article 2—Conflicts and Confusions. The International Lawyer, 111-132.

Stapleton, D. H., & Ghosh, S. N. (1999). The ocean shipping reform act: practical implications for both buyers and sellers. Journal of Transportation Law, Logistics and Policy.

Thommen, T. K. (1968). International legislation on shipping (Vol. 6, No. 5). New York: United Nations.

Valioti, Z. (2004). Passing of Risk in international sale contracts: A comparative examination of the rules on risk under the United Nations Convention on Contracts for the International Sale of Goods (Vienna 1980) and INCOTERMS 2000. Nordic Journal of Commercial Law, 2, 01-51.

Walvoord, R. W. (1983). Foreign Market Entry Strategy. Advanced Management Journal, 14-21.

Wiggers, W. J. (2001). International commercial law: source materials. Kluwer Law Intl.

Download full paperFile format: .doc, available for editing
Contact Us