APPLIES TO ACADEMIC YEAR 2012/2013
EXC 2121 International Commercial Law|
Responsible for the course
Department of Accounting - Auditing and Law
According to study plan
Language of instruction
The course aims at providing an understanding of the legal framework that governs international business transactions. It aims to give the students a thorough introduction to the various legal systems, legal terminology and the body of law that governs business and commercial transactions. The course covers general contract law and mechanisms for entering into and interpreting international contracts. Standard contracts and their use will be covered, as well as standard trade terms, commonly used documents and their use(such as a B/L, a Letter of Credit and cargo insurance. The students will learn the importance of determining jurisdiction and applicable law when entering into contracts, or when a dispute has occurred. Methods of dispute resolution, such as court process, mediation and arbitration will be covered. The course covers specific regulations such as CISG (Convention for the International Sale and Purchase of Goods), INCOTERMS, documentary credits and their use.
On completion of this course, the student should be able to:
The students will be able to:
The students will have a general understanding of legal systems and contract practices, and how they can differ between countries. This understanding and knowledge will enable them to be more cautious when entering into contracts with a foreign element, and will make them reflect on the potential different outcomes that could be the result of applying alternative jurisdiction, applicable law and choice of dispute resolution clauses in their business contracts. By knowing main legal terms and practices, they will be able to avoid common pitfalls in the future.
Cordero-Moss, Giuditta. 2010. International commercial law. Skriftserie / Institutt for privatrett, Universitetet i Oslo ; nr 185. Privatrettsfondet. 161
Selected articles on CISG and Incoterms. (Articles will be posted on It's learning)
Computer-based tools are not used in this course.
Learning process and workload
The course will be conducted through a combination of lectures, casework, group work and assignments. The students need to read the PowerPoint presentations, articles and curriculum as presented during the course. As a part of the learning process there will be given an assignment during the semester. The goal is, through writing and discussions, to train students in arguing and reflecing with reference to relevant law and terms. This is an important issue for the final exam.
The assignment will be published on It’s learning, and can be solved in groups of up to five students. It will be avilable in a periode of two weeks and the students should be able to answer it in about 3 hours if they have followed the recommended work schedule. If the students are not prepared, more time must be calculated. Further information will be given in the lectures and through It's learning.
Feedback to the students will be given during lectures. The lecturer will review some of these assignments in class. The feedback will consist of the students comparing their solutions with the one that is explained by the lecturer.
Recommended workload in hours
A three hour individual written exam concludes the course.
EXC 21211 - written exam that accounts for 100% of the grade in the course EXC 2121 International Commercial Law, 7.5 ECTS credits.
Examination support materials
All support materials allowed.
One bilingual dictionary may also be used. Support materials permitted at written examiniations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids.
A re-sit is held at next scheduled examination in the course.
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