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OBJECTIVES
After studying this unit, you should be able to:
1. explain the nature of export sales contract
2. distinguish between domestic sales contract and export sales contract
3. describe various Incoterms
4. explain-the rights and duties under principal Incoterms
5. describe general conditions in export contracts
6. Explain the methods of dispute settlement.
RIGHTS AND DUTIES UNDER PRINCIPAL INCOTERMS: You have learnt various Incoterms. Let us now discuss in brief the provisions for the two major terms viz., FOB and CIF. , FOB
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Compliance with Laws: Every exporter or importer shall comply with the provisions of the Foreign Trade (Development and Regulation) Act, 1992. They will comply with the provisions
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NATURE OF EXPORT SALES CONTRACT: Contract is a legal concept. It has been defined in the Section 2(h) of the Indian Contract Act, the other party without any qualification. This p
secondary data
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