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The current and official versions of the course specifications are available on the web at http://www.usq.edu.au/course/specification/current.
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LAW3464 International Trade Law

Semester 1, 2013 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Law
Version produced : 24 April 2014

Contents on this page

Staffing

Examiner: Des Taylor
Moderator: Noeleen McNamara

Requisites

Pre-requisite: LAW2204 or LAW5604

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

This course covers an important aspect of the law and provides students the opportunity to gain specific knowledge and acquire skills concerning same.

Synopsis

This course examines the impact of law on the enterprises that conduct international trade and business and on particular transactions entered into by such enterprises. The law concerning the formation and some other aspects of international sales contracts (such as trade terms particularly, the Incoterms (latest version) and the impact of the CISG) as well as the law relating to the international transport of goods by sea and international payments (documentary credits) will be examined. The course will also explore selected legal aspects of the World Trade Organisation and one particular regional grouping (namely the European Union). In addition, a study will be made of the law concerning some of the methods by which private international legal disputes are resolved.

Objectives

On successful completion of this course, students should:

  1. have knowledge and understanding of trade terms like the Incoterms (latest version) and the law relating to the CISG-governed contracts used in international sales transactions
  2. understand the law and legal ramifications associated with the international transportation of goods by sea
  3. understand how international payments are effected by documentary credits and some of the relevant legal issues associated therewith
  4. have an understanding of the World Trade Organization (WTO), especially its dispute settlement mechanism
  5. have knowledge of one of the regional groupings - the European Union (EU) - and the relevance of same to international business law (especially the free movement of goods)
  6. have an understanding of the methods by which private international legal disputes can be resolved and the advantages and disadvantages of attempting to resolve international business disputes by international litigation or by international arbitration
  7. demonstrate problem-solving skills appropriate to international trade and business law
  8. demonstrate satisfactory skills in communication
  9. demonstrate cultural literacy skills by understanding the international legal context for conducting business.

Topics

Description Weighting(%)
1. Incoterms and CISG-governed Contracts for the International Sale of Goods 20.00
2. International transport of goods by sea 20.00
3. International payments (documentary credits) 20.00
4. The World Trade Organisation 10.00
5. Regional groupings - the European Union 15.00
6. International dispute resolution 15.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2013&sem=01&subject1=LAW3464)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Chuah, J 2009, Law of international trade: cross-border commercial transactions, 4th edn, Sweet & Maxwell, London.
  • Hargreaves, S 2011, EU law concentrate, 2nd edn, OUP, Oxford, UK.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
  • The examiner will during the teaching semester advise students in the course area in USQStudyDesk of any recommended reference materials not already mentioned in the USQ course Introductory Book and course Study Book.

Student workload requirements

Activity Hours
Assessments 40.00
Directed Study 56.00
Private Study 69.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
PRACTICE ONLINE TEST EXERCISE 0 0 11 Mar 2013 (see note 1)
ONLINE PROBLEM EXERCISE 1 5 5 18 Mar 2013
ONLINE TEST 1 10 10 01 Apr 2013
ONLINE PROBLEM EXERCISE 2 5 5 07 May 2013
ONLINE TEST 2 20 20 20 May 2013
EXAM PART A (MULTI-CHOICE) 10 10 End S1 (see note 2)
EXAM PART B (WRITTEN) 50 50 End S1

NOTES
  1. The practice online test exercise will be held within the first three weeks of the semester.
  2. The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date for Exam (Parts A and B) after the timetable has been finalised. The total working time for Exam (Parts A and B) is 2 hours.

Important assessment information

  1. Attendance requirements:
    If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Not applicable.

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    This will be an open examination. Candidates may have access to any printed or written material and a calculator during the examination.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Other requirements

  1. Computer, e-mail and Internet access: Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.