This module examines the law relating to the financing of international trade. The focus will be on English Law, but references will be made to international instruments such as International Chamber of Commerce (ICC), Uniform Customs and Practice for Documentary Credits (UCP 500) and the supplements (UCP), ICC Uniform Rules for Collecting (URC) and ICC Uniform Rules for Bank to Bank Reimbursements under Documentary Credits (URR), UNIDROIT Convention on International Financial Leasing and UNIDROIT Convention on International Factoring. In addition comparative material from other jurisdictions will also be considered, where appropriate. The module will examine these specific areas: Payment by use of Bill of Exchange; Documentary Credits; Performance Bonds/Demand Guarantees; International Financial Leasing.
Learning Outcomes
By the end of the module students should be able to:
Explain the risks in international trade; Explain the legal ways of reducing such risks
Explain the main principles in the law relating to the financing of international trade
Make personal and reasoned judgements about the material covered in the module
Identify the policy considerations which lie behind these principles
Tackle and solve problems by applying legal rules to ordinary and complex facts
Show originality by bringing together relevant information, evaluating the impact of law, and considering alternative policy options
Conduct independent research with limited guidance
Assessment
24547-01 : Take Home Paper : Exam (School Arranged) - Open Book (100%)
Assessment Methods & Exceptions
Assessments: Take home exam (open-book) - 3hrs (100%)
