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Postgraduate Module Descriptors 2012/13

LIB407: International Trade Law

Module Title International Trade Law
Module Code LIB407
Module Tutor Andy Vi-Ming Kok
School Accounting and Law
CAT Points 30
Level of Study 7
Pre-requisites None
Co-requisites None
Restrictions None
Brief Description The aim of this module is to provide an appreciation of the laws governing the trading of goods on the international marketplace. We will examine the development and influence of the laws governing such export trading, legal relationships between the parties, the nature of the particular types of contracts and the rights and liabilities that arise. Emphasis is placed on the practical implications of these laws for individuals and companies trading internationally. As such the course provides academic challenge as well as day-to-day relevance for those students who may later be involved in advising on or conducting such transactions. Students will notice the strong bias towards the laws of sea trading, but this merely reflects the fact that the overwhelming majority of export trading is conducted via carriage by sea.
Indicative Syllabus

The main strands are :
1.       The contract of export sales of goods - formation, conditions and warranties, passing of property and risk, performance, rights, liabilities and remedies, standardisation of terms [UNCITRAL, ICCs], uniform laws, general terms, transmission of data, EDI, etc.
2.       The contract of carriage of goods by sea, for export trade - special types of export trade e.g. ex works, ex factory, ex store, FAS, FOB, CIF, arrival, ex ship, ex quay, delivered, time and voyage charterparties, bills of lading and other vital documents, general average, the Hague Rules, Hague-Visby Rules and Hamburg Rules:scope of application, incorporation.
3.       The contract of finance of export trade - bills of exchange, documentary / letters of credit, UCPs, guarantees.
4.       The contract of insurance of export trade - marine insurance, ICCs, average.Brief Overview of Conflict of Laws - contracts, choice of laws, dispute resolutions, enforcement of foreign judgements.

Learning Outcomes

On completion, you should be able to demonstrate these learning outcomes:

Knowledge and understanding of:

  1. the fundamental doctrines and principles of International Trade Law, and its social, economic and political context;
  2. the crucial contemporary issues and / or new insights into International Trade Law;
  3. the major values and principles of the system;
  4. the comparative context of International Trade Law.

Intellectual/ thinking skills – able to:

  1. analyse, interpret and critically evaluate complex legal issues systematically and creatively;
  2. make sound judgments of the evidence, whether fully present or in the absence of complete data, whether in concurrence or competing, to arrive at logical conclusions;
  3. evaluate methodologies and develop critiques of them, and where appropriate, to propose new hypotheses;
  4. continue to advance your knowledge and understanding of International Trade Law.

Subject specific /Practical and professional skills – able to:

  1. comprehensively understand the techniques applicable to your own research and to advanced scholarship to create and interpret knowledge in the relevant areas;
  2. apply legal knowledge learnt with originality;
  3. demonstrate self-direction and originality in tackling and solving problems, and act autonomously in planning and implementing tasks at a professional or equivalent level;
  4. communicate your conclusions clearly to both specialist and non-specialist audiences;
  5. continue to develop skills to a higher level.

Transferable/key skills – able to:

  1. exercise initiative and personal responsibility;
  2. make decisions and provide solutions in complex and unpredictable situations;
  3. learn independently;
  4. read complex materials;
  5. communicate;
  6. make effective use of numerical and statistical information, as the basis of an argument;
  7. work with information technology;
  8. work with others.


Learning and Teaching Activities

Total Learning Hours = 300
Staff/Student Contact Time = 12%
Student Independent Study Time = 88%

Assessment (For further details see the Module Guide) 001: 40% Coursework: Standard: 3000 words or equivalent
002: 60% Coursework: Standard: 5000 words or equivalent
Special Assessment Requirements None
Indicative Resources

The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide.

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