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 favorables were received in apparent good order and condition and compliant with the commercial invoice. The condition of the goods was further confirmed by the certificate of inspection issued on loading.Private international law a good deal 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 applied as far as reasonably possible for the consumer. The location of the parties in the contract is also an element that is often used by international laws. These laws refer to places bid the domicile or habitual residence of natural persons, or the principal address or place of business of a given company.A countersign report in the financial section of the Broadcasting Finance Corporation (BFC) by Chief Economist Roberto Preztono has sparked a rumour that a well realised bank in the UK is experiencing severe cash flow problems, and the informed opinion in the finance sector seem to suggest that the bank in school principal might be Leman Sisters. The Samba Carnival arrived in Southampton at the end of October and on inspection there appeared to be some concerns about the condition of the lading of steel rods. A significant portion of the consignment was discovered to be rusty and there was some doubt as to whether the goods would match the specifications required downstairs the agreement. Although the ships manifesto records that the ship encountered a heavy storm during the voyage and water entered into the hold, it is hard to determine the real cause of the damage. A consignment of timber stowed preceding(prenominal) 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 hang of the voyage. Apparently 8 of the 16 crew members (including the new t rainee cook) were suffering from food poisoning. Of the remaining 8 crew members who did not sample the cooks culinary de besides was the send-off Lieutenant who categorically refused to leave his cabin. It has since transpired that the First Lieutenant was in event an undercover investigative journalist trying to expose harsh working 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 ships company can be excused from obligation 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 third party sub-contractorSuch an extraneous event might elsewhere be referred to as force majeure, and frustration of the contract. The place of performance of a contract also plays an essential role in some private international law rules. When the performance of the transaction involves some physical conta ct with a given jurisdiction, e.g. delivery 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