Professor Michael Bridge, NAB 6.21

LLM.

This course, together with its realated full course LL4E5, is capped at 30 students. Students must apply through Graduate Course Choice on LSEforYou.

The course is concerned with the international sale of goods where English law is the applicable law by virtue of well-established standard form contracts used extensively in the trade, such as GAFTA 100 (a CIF contract form). English law plays a dominant part in the international sale of commodities, especially in the case of dry commodities (wheat, soya etc) produced in North America and transported to a northern European destination. It is usually the case that such contracts have no physical connection with England. There is a rich case law dealing with sales on FOB, CIF and similar terms and there are interesting comparisons to be drawn between forward physical sales and futures sales. Interesting questions are also posed by the intersection of various allied contracts concluded to give effect to the international venture, notably, sale, letters of credit, insurance and carriage (or charter parties). Extensive consideration is given to the UCP600 Customs and Practice on Documentary Credits 2007.

(This course complements LL4K6 International Uniform Sales Law. The two half-courses are taken as LL4E5 International Sale of Goods.)

10 x 2 hour seminars or lectures (depending upon class size) in LT

Where the student does not opt to write a dissertation in the subject, there will be at least one x 2,000 word written assignment.

Michael Bridge, The International Sale of Goods (Oxford, 2nd ed 2007); Michael Bridge, The Sale of Goods (2nd ed 2009); A Slabotsky, Grain Contracts and Arbitration (Lloyd's London, 1984); A Guest M Bridge (ed), Benjamin's Sale of Goods (Sweet & Maxwell, 8th ed 2010); D Morgan, Merchants of Grain (Penguin, 1980); R Goode, Commercial Law (Penguin, 3rd ed 2004); International Chamber of Commerce, Incoterms 2000; International Chamber of Commerce, UCP Rules on Uniform Customs and Practice for Documentary Credits (UCP600, 2007). Plus a substantial list of cases and some articles.

Two-hour unseen examination in the Summer Term (100%). Note that students taking this course and LL4K6 International Uniform Sales Law (H) will sit one 3-hour exam in the ST: LL4E5 International Sale of Goods.