International Trade Policies and Law International Trade Policies and Law By Chen Ke By Chen Ke Review ? Translate the following phrases and expessions. ? national law ? law-making ? binding force ? arbitration ? legislator ? constitution ? civil law ? criminal law ? legal validity ? legal system ? civil law legal system ? common law legal system ? legal proceeding ? trade customs and usages ? international model law ? CISG ? Hague rules ? UCP 500 ? terms 2000 ? ICC ? WTO ? Decide the following statements true or false. ? a. International trade law only regulates the business transactions of private persons internationally. ? b. The Contract Law of the People's Republic of China is national law. ? c. CISG is a treaty signed by America, China and many other countries. ? d. International Model Law can be used as a model fo national and international legislators and is of no legal validity. ? e. International trade customs and usages are law and they play an important role in internationa business practices. Contract Law for the International Sale of Goods ? On July 27th, 1986, pany of our country, at the request of pany of herlands, offered to sell 100 tons rice with the price 3900 yuan per ton, on CIF terms, Rotterdam. After receiving the offer, pany requested us to reduce the price, increase the quantity and lengthen the time of the validity of the offer again and again. pany then agreed to increase the quantity to 300 tons, reduced the price to 3800 yuan and lengthened the time of validity of the offer to August 30th. pany agreed through the telegram on August 26th. But at that time, we found that the rice price had risen violently in the world market, so we refused to fulfill the contract and replied to pany that we had sold the goods before receiving the acceptance. Definition of contract mon law countries, contract means a promise or set of promises, for breach of which the law gives a remedy, or the performance of which the la
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