International Trade Law

Seminar No. 3 – Rights and Obligations of the Parties to an International Sales Contract – Overview. Obligation to Deliver. Passing of Risk. Regulation Under CISG. INCOTERMS. Arbitrator.

Objectives of the third seminar:

At this session, you will:

  • review (or finish) the subject matter of the second seminar;
  • get acquainted with elementary rights and obligations of sellers and buyers in international sales contracts;
  • get to know the rules determining the place and time of delivery, the place and time of payment of the price;
  • learn to work with INCOTERMS rules;
  • be able to determine the moment of passing of risk;
  • embrace the interpretation of provisions of a sales contract;
  • learn who may serve as an arbitrator and what are the requirements for the person of an arbitrator under Czech law.

Before the seminar:

  • read carefully the relevant articles of the CISG, especially Arts. 30–37, 53–60, 66–70, 25–29;
  • have a look at INCOTERMS 2020 and INCOTERMS 2010 rules;
  • prepare solutions to the assigned model cases (see below);
  • provided there are tasks that have not been covered, have the assignment for the second seminar with you;
  • read the assigned chapters of the textbook;
  • provided it is uploaded, go through the presentation prepared by your lecturer;
  • have the below-listed legal acts with you.

Presentation

Link to the presentation will be uploaded.

Assignment

Below you can find the assignment of model cases we will work with at the seminar. Please, study the facts of the cases thoroughly and prepare your solution.

International Trade Law 3

Compulsory Readings

  • Rozehnalová, N., Valdhans, J., Kyselovská, T. Právo mezinárodního obchodu. Včetně problematiky mezinárodního rozhodčího řízení. Praha: Wolters Kluwer, 2021.
    • Chapter XI Section 4 – Rights and Obligations of the Contracting Parties – pp. 226–241
    • Chapter XI Section 7 – Passing of Risk – pp. 278–285
    • Chapter XXI – Arbitrators, Arbitral Tribunals – pp. 459–468
  • Rozehnalová N. Rozhodčí řízení v mezinárodním a vnitrostátním obchodním styku. Praha: Wolters Kluwer, 2013.
    • Chapter V – Arbitrators, Arbitral Tribunals – pp. 200–232

ICC Arbitration Clause
Arbitration Court attached to the Czech Chamber of Commerce and the Agricultural Chamber of the Czech Republic - Arbitration Clause
Letter of Credit

Legal Acts
INCOTERMS

Below, you can see diagrams of INCOTERMS rules we will work with at multiple seminars. You may also use them for the exam.

They may be downloaded via these links:

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