The article ` HSBC weights pros and cons of a move´ written by George Hay published Monday‚ April 27‚2015 in the International NY times deals with the current situation of the HSBC bank and informs about the reasons why the bank would move from Great Britain to Asia. Hay (2015) names the high levy fee from the government used since the financial crisis in 2008. The levy is especially directed to banks which put their focus on international operations and oversea payments. Therefore HSBC had to pay
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MIDDLE EAST CUSTOMS GUIDE V3 July 2012 The Information provided is based on customs regulations and requirements as of 29th July 2012. Please note customs regulations and sanctions are fluid and may change‚ we will provide updated information in a timely fashion however the information communicated in this document from June 2012 onwards is to be used as a guide. SAUDI ARABIA KUWAIT BAHRAIN OMAN QATAR UAE YEMEN LEBANON JORDAN SYRIA EGYPT IRAQ AFGHANISTAN WELCOME TO DHL EXPRESS MIDDLE
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Catering ? • Reliability of Supply - Reliability is low due to the nature of the items that are supplied. • Location of CKC’s vendors – Majority of the vendors may have their farms in faraway from the where CKC is located. • Incoterms – CKC’s vendors operate under different Incoterms • Flexibility of the Supply – it might not be economical to supply or purchase small quantities as and when required. Cost may go up.
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The Natural Gas Case Introduction * This case is about the negotiation of buying a gas between two parties involved – the plaintiff a German company and the defendant an Austrian partnership. On the 18th of December 1990 the plaintiff faxed the defendant with an offer to buy 700-800 metric tons. Meanwhile Austria responded that the ship will be from US for delivery to Belgium and the price is $376 per tone. Additionally a letter of credit was required‚ since both of the parties haven’t seen
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Unification of Certain Rules of Law Relating to Bills of lading (VISBY RULES: VR) and United Nations Convention on Contracts of International Sales of Goods(CISG)‚ since they didn’t make any decision on the laws or rules that should be applied in case of disputes‚ according to the international rules and practices‚ the Hague-Visby Rules and CISG should be applied to resolve the problems in this case. Besides‚ there was CIF term in this case‚ therefore‚ International Rules for the Interpretation of
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meets all the requirements of a binding contract Elements of a Contract: 1. There is an agreement between the parties 2. It must be supported by consideration 3. The parties must have legal capacity 4. The contract must be for a legal purpose CISG Article 11: a contract for the international sale of goods “need not be concluded in or evidenced by writing and is not subject to any other requirement as to form. It may be proved by any means‚ including witnesses.” Electronic Signatures in Global
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due to arrive approximately 4 weeks after the original delivery date. BCPC rejected this offer to cure. IOC then sued for breach of contract. The trial court‚ applying the United Nations Convention on Contracts for the International Sale of Goods (CISG) as the governing law‚ held for IOC‚ concluding that IOC’s timely offer to cure had been improperly rejected and that BCPC was required to accept the substitute shipment. BCPC appealed. Should the appeals court affirm? All subgroups number 2:
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Introduction- question 1 The problem in The Trans Trust Sprl v. Danubian Trading Co. Ltd. Case is if there is a contract or not between two parties. Also‚ whether a letter of credit is an essential part for forming a contract. In the case there is a buyer who is from Belgium and a seller who is from the United Kingdom. The British seller has arrange to buy the goods from a third party (American company). Furthermore‚ there was a stipulation between the parties requiring the buyer who is the defendant
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2.0. FACTORS TO CONSIDER WHEN BUYING FROM ABROAD (Ng’holombi D.W. –BBA Procurement & Logistics Management‚ CPSP) 2.1. Identifying a Supplier: An international buyer‚ among other things to consider is where he or she is going to source his or her requirements. To many buyers especially who are starting this transaction‚ always suffer a lot of problems and some times they end into buying from unreliable suppliers. It is very important to put in mind that‚ identifying a supplier is a professional
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International Trade International trade is exchange of capital‚ goods‚ and services across international borders or territories. In most countries‚ it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history‚ its economic‚ social‚ and political importance has been on the rise in recent centuries. Industrialization‚ advanced transportation‚ globalization‚ multinational corporations‚ and outsourcing are all having a major
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