Author Description

The ICC has enunciated several rules, practices, standard contracts, and clauses for the facilitation of international trade. Although guidance exists for commercial practice in many different sectors -- such as sale of goods, agency, insurance, documentary credits, guarantees, and transport -- merchants and legal practitioners face a difficult task in trying to understand the interrelation of the various rules and practices within the vast area of international trade. International Commercial Transactions fills this gap in understanding by presenting a concise look at the most relevant rules and practices applicable to transnational trade transactions. The bases for its analysis include generally accepted principles, as laid down in international conventions, and rules and practices elaborated under the auspices of governmental and non-governmental bodies, such as UNIDROIT, UNCTAD, UNCITRAL and ICC, CMI, FIATA and BIMCO. The appendix provides the most commonly used rules, conditions, and documents. This book contributes to a complete understanding of rules of law and their rationales, general principles, standard contracts, and commercial practice as they interact in the context of international trade law. Its extensive scope, coupled with a concise, lucid style makes International Commercial Transactions an essential tool for obtaining first-hand knowledge and the foundation needed for further study or practice of international trade law.