COVID-19 and International Sale of Goods: Contractual devices for commercial risk allocation and loss prevention
The impacts of the ongoing COVID-19 pandemic and related response measures have resulted in significant operational disruptions and delays across global networks, with important implications for the performance of international commercial contracts.
COVID-19 implications for commercial contracts: International sale of goods on CIF and FOB terms
The ability to trade globally, through a seamless logistic network, moving goods across international boundaries, integrating engineering and technology from different parts of the world has been a fundamental element of the globalized trading system. Raw commodities travelling from one part of the world to be converted into plastic or metal components only to be shipped again to be manufactured and then again for assembling and distribution is something which traders and consumers alike take for granted.
COVID-19 implications for commercial contracts: Carriage of goods by sea and related cargo claims
The smooth flow of international trade depends entirely on the transport chain: adequate and timely supplies to manufacturers and efficient capillary distribution chains are essential ingredients of any successful business model.