ASSIGNMENT 19: Cross-Border Sale Transactions

- UCC § 7-403, 1-201(15), 7-602, 5-108(g)
- eUCP arts. e4, e6a, e6(c), e11
- UCP art. 14d
- Bolero Rulebook Excerpts

Web-Based Contracting:  The ultimate goal of the topics discussed in Assignment 19 is a contracting process that is paperless from beginning to end.  That goal has been brought substantially closer by the ICC's project to provide a Web-based model contract for international sales of goods.  The project appears at www.modelcontracts.com.  It is based on the ICC's model contract and includes applications for negotiating and executing specific contracts based on that form.  A demonstration module provides a good introduction to the process.
19.1 Sight Draft for Documentary Collection
19.2 Documentary-Draft Transaction
19.3 Issuing the Letter of Credit
19.4 Payment by Letter of Credit
  • Ronald J. Mann, Payment Systems (Assignment 24) -- background on Article 7

  • J. Barnes et al., The ABCs of the UCC: Article 5 -- a basic introduction to
    Article 5

  • Ronald J. Mann, The Role of Letters of Credit in Payment Transactions, 98
    Mich. L. Rev. 2494 (2000) -- an empirical study that should help give some
    practical understanding of the use of letters of credit

  • www.bolero.net -- General information about Bolero

  • www.iccwbo.org -- The general site of the ICC, where you periodically can
    find information about the status of the UCP and the eUCP.

  • www.tradecard.com

Bill of Lading
BOLERO
Business to Business
Digital Signature
Electronic Data Interchange (EDI)
Electronic Signature
eXtensible Markup Language (XML)

 

 
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