International law of contracts Article Example | Topics and Well Written Essays - 1500 words

International law of contracts - Article ExampleThe bill of lading stipulated that the goods were received in unmixed good order and condition and compliant with the commercial invoice. The condition of the goods was further confirmed by the security department of superintendence issued on loading.Private international law often varies according to the type of parties involved in the contractual arrangement. Most times, consumers are protected by rules that aim to make sure that the law is utilize as far as reasonably possible for the consumer. The location of the parties in the contract is also an atom that is often used by international laws. These laws refer to places like the domicile or habitual lobby of natural persons, or the principal address or place of business of a given comp whatsoever.A news report in the financial section of the Broadcasting Finance Corporation (BFC) by capitulum Economist Roberto Preztono has sparked a rumour that a well established bank in the UK is experiencing severe bullion flow problems, and the informed opinion in the finance sector seem to suggest that the bank in question might be Leman Sisters. The Samba Carnival arrived in Southampton at the end of October and on inspection in that location appeared to be some concerns about the condition of the consignment of steel rods. A significant region of the consignment was discovered to be rusty and there was some doubt as to whether the goods would match the specifications postulate under the agreement. Although the channelises manifesto records that the ship encountered a heavy storm during the voyage and body of water entered into the hold, it is hard to follow the real cause of the damage. A consignment of timber stowed above the steel, was reported as being water logged. It was also reported that there had been a significant breakdown in the communication and management of the ship during the course of the voyage. Apparently 8 of the 16 crew members (includin g the new trainee cook) were suffering from food poisoning. Of the remaining 8 crew members who did not sample the cooks culinary debut was the graduation Lieutenant who categorically refused to leave his cabin. It has since transpired that the First Lieutenant was in fact an undercover investigative journalist trying to expose harsh works conditions on merchant ships. It appears that his CV and references were not checked by Amazona Ltd before confirmation of employment. In this instance, a party can be excused from liability to a claim of damages when there is a failure to perform, that can be attributed to an impediment that is beyond the control of the partys, or a trey party sub-contractorSuch an extraneous event might elsewhere be referred to as force majeure, and foiling of the contract. The place of performance of a contract also plays an important role in some hidden international law rules. When the performance of the transaction involves some physical contact with a g iven jurisdiction, e.g. saving of the goods ordered, the fact that the contract was concluded on line does not as such raise any problems. The problems arise when the contract is not only concluded but