International Commercial Transactions
This course provides the foundation for understanding and working with international commerce. It approaches the subject from the perspective of essential payment mechanisms such as open account, banker's acceptances, collections, and letters of credit. From this perspective, it will consider contract terms for payment and delivery, the role of international custom, transport law and practices that impact commercial transactions and the role of third party intermediaries. In addition to judicial opinions from the US and elsewhere and drafting exercises based on actual documentation from actual transactions, the course will provide an option to visit the operations department of a local bank if there is sufficient interest.