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After the successful completion of this lecture, you will be able to;

• Measure the impact of international trade on economies and the environment.
• Reflect on relevant market theories.
• Understand the structure, role, and function of the world trade organisation.
• Understand the construction of contracts of sales of goods and products in English law.
• Determine the rights and obligations of buyer and seller in international sales contracts.
• Reflect on the remedies offered to the buyer and seller in case of breach of contract.
• Understand the different types and effects of incoterms rules.
• Reflect on the scope and provisions of the Vienna Convention for the international sale of goods.
• Understand the obligations of the seller and buyer under the CISG.
• Analyse remedies offered to the buyer and seller under the CISG.
• Reflect on the economic foundations of international sales contracts.
• Understand the function of foreign exchange markets.
• Understand various methods of payment in international trade.