78153 International Commercial Transactions

The subject is predominantly concerned with the law on contracts for the international sale of goods, and it also embraces a number of related areas of international commercial law. The United Nations Convention on Contracts for the International Sale of Goods 1980 [CISG] provides the uniform law for the international sale of goods and it is arguably the most significant piece of contract legislation at international level. To date, 70 States, including Australia and its major trade partners, have adopted the CISG, accounting for over three-quarters of all world trade.

The subject focuses on matters relating to the formulation and performance of contracts in international trade transactions; the law relating to the international carriage of goods; payment in relation to such transactions and currency matters; the resolution of disputes and the enforcement of judgments where litigation occurs with an international element. It also deals with aspects of free trade and WTO Law. There are five main aspects of this subject:

• law of international sale of goods
• law of international carriage of goods by sea
• law of marine insurance
• law of international trade finance
• WTO law and practice.

Typical availability

Autumn semester, City campus
Spring semester, City campus