Module 1 – Introduction to Contracts
Section 1: Negotiation of a Trade
- Pre-contractual considerations
- Formation of a contract
- Contract terms and amendments
- Importance of standard clauses, including insurance, arbitration and mediation.
Section 2: Cost Insurance Freight (CIF), Cost and Freight (C&F), Cost Insurance Freight Free Out
(CIFFO), Cost and Freight Free Out (C&FFO) Contracts
- Duties of all parties
- Introduction to shipping documents
- Tender documents, invoicing and other relevant documents.
- Identifying common problems and ways of solving them
Section 3: Free on Board (FOB) contracts
- How and when to make a nomination and discussion of withdrawal
- Who is responsible for supervision, customs and loading the goods
- Presenting documents: What, when and who?
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04/01/2021
06/30/2021
DLP Module 1 Introduction to Contracts l April Semester l 2021
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