... may have in the transaction. In doing so, it will discuss sale of contracts on c.i.f. terms firstly, where it involves two other contracts respectively. Then, I will mainly analyse the duties of the shipper in the contract of carriage. Next, the most discussion will be referred to the contract of marine insurance on the relationship between the assured and insured, as well as the insurance cover. Finally, I will analyse letters of credit as a method of payment in international trade. The possible advice for G will be given in each respective contractual relationships. Part I 1) The sales contract on c.i.f. terms As Lord Wright said in the case of T D Bailey, Son & Co v Ross T Smyth & Co Ltd1, c.i.f. contracts are the most common form of contract for sale of goods in the international trade transaction. When a sales contract is signed on c.i.f. terms, ...

See this essay or coursework document in full right now