- •Payment on open account
- •Advance payment
- •Cash against documents - cad
- •Documentary collection
- •Advocate for international business
- •Setting rules and standards
- •What is incoterms and what is its role in contracts of international sale?
- •What does exw mean?
- •Uncitral Arbitration Rules (1976)
- •Icc arbitration rules and arbitration clause
- •The development of the modern international commercial law doctrine from ancient lex mercatoria
- •Unidroit and its role in development of modern international commercial law
- •International agreements as a source of international commercial law
- •International organisations and multilateral international treaties in sphere of international commerce
- •Definition of lex mercatoria and use of lex mercatoria in modern international commerce
- •Unidroit Principles on International Commercial Contracts
- •Main principles of international commercial law reflected in the unidroit principles
- •Force majeure doctrine
Force majeure doctrine
Force majeure is a doctrine that operates to excuse a party from performance of a contractually imposed obligation when "unforeseen occurrences, subsequent to the date of the contract render performance either legally or physically impossible, or excessively difficult, impractical or expensive, or destroy the known utility which the stipulated performance had to either party." Intervention of such an event relieves the obligor from the obligation to perform, and the contract is terminated. The existence and operation of force majeure as an "excuse" doctrine assumes that the purpose of a contract is to ensure both enforcement of obligations and certainty in commercial transactions. The force majeure doctrine serves to mitigate this goal of strict contract enforcement with notions of justice and fairness.