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BSBINT405B Apply Knowledge Assessment V2 Essay

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BSBINT405B Apply knowledge of import and export for international conventions, laws and finance

To achieve competency in this unit you must complete the following assessment items. All tasks must be submitted together. Tick the boxes to show that each task is attached.

Task 1. Theory Exam ☐

NOTE: If this is a group assignment, each member of your group must individually submit a separate and complete copy.

Student ID
Student Name
41221
Filippo Alexander Juhas Arienti de Paula
The other members of my group are:

1. Name:Click here to enter text. Student ID#: Click here to enter text.
2. Name:Click here to enter text. Student ID#: Click here to enter text.
3. Name:Click here to enter text. Student ID#: Click …show more content…

Signature also authenticates the text and voluntary act. Recognition of customary international law is generally determined through two factors: the general practice of states and what states have accepted as law.

Q5. Can an overseas trader who is buying your exports take any legal action against you if you fail to comply with an INCOTERM that you have not agreed on in the contract between yourselves ? Why? (2.3, 3.4, 4.1, RK2)

No. Because if the Incoterms are not law or treaty. They are conventions or suggestions. So they need to be in the contract before signed. If it was not in the contract so a legal action a lost cause.

Q6. The United Nations Commission on International Trade Law (UNCITRAL) was established by the General Assembly in 1966 to develop conventions throughout member states to smooth out different country laws governing international trade which created obstacles to the smooth flow of trade finance. Many participating countries have adopted the UN convention as part of their trading practice. Does participation in UNCITRAL necessarily weaken a country’s sovereign legal system? Why? (2.3, 3.4, 4.1, RK2)

No. State participation in UNCITRAL, either as an elected member State of the Commission or as an observer State is entirely voluntary. By customary practice, all decisions of the Commission, including its work programmer, the progress of designated projects, and the adoption of texts, are made by consensus.

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