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The University of Southampton
Courses

LAWS6166 International Sale of Goods and Finance

Module Overview

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The main principles which govern the English law of international commodity sales.
  • The commercial parties’ rights and obligations under c.i.f. and f.o.b. contracts.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Analyse relevant legal materials, including statutes, case law and relevant clauses from standard commodity sale contracts.
  • Identify and explain the contractual principles underpinning the law relating to international commodity sales.
  • Apply the legal principles, with appropriate legal authorities, in the solution of complex problems.
  • Appraise and criticise existing debates in international commodity sales law, using appropriate legal research skills.
  • Locate and analyse relevant legal and other primary and secondary source materials including model contracts.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Distinguish relevant from irrelevant materials.
  • Identify and analyse key issues.
  • Think critically, develop coherent arguments in writing.
  • Display clarity and objectivity in written discussion demonstrating an awareness of issue of academic integrity.

Syllabus

Most contracts for the trading of commodities around the world are governed by English law. The abbreviations c.i.f. and f.o.b. have now been common in commercial parlance for many centuries and have generated several variants through successive versions of Incoterms: English contract and commercial law have thus placed an indelible imprint on the law of international sale of goods. This course examines how the UK Sale of Goods Act 1979 and the accompanying common law help resolve disputes which arise, whether in litigation or arbitration, between international sellers and buyers around the world. The topics covered include: • Rights and obligations of parties involved in international sale of goods • Transfer of risk and property • Payment obligations • Consequences of breach

Learning and Teaching

Teaching and learning methods

Teaching methods: One 2-hour class per week (three-weekly cycle of two 2-hour lectures and one 2-hour seminar) Learning methods include: · Essential and additional directed reading, as per distributed reading lists reproduced on Blackboard; · Engagement with current legal or commercial developments to ensure that you can relate the material being discussed in class to contemporary controversies.

TypeHours
Teaching44
Independent Study256
Total study time300

Assessment

Formative

Formative Assessment

Summative

MethodPercentage contribution
Closed book Examination  (3.5 hours) 100%

Repeat

MethodPercentage contribution
Closed book Examination  (3.5 hours) 100%

Referral

MethodPercentage contribution
Closed book Examination  (3.5 hours) 100%

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase them as appropriate. All recommended sources, apart from the main book, are available to students free of charge, either on the Internet, or on Blackboard, or on the legal databases. From the choices of possible mandatory texts e.g. Paul Todd, Cases and Materials on International Trade Law (Sweet & Maxwell, 2002) £45

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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