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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.
FINANCIAL GUARANTEES: Exporters require adequate financial support from banks to carry out their export contracts; ECGC's guarantees protect the banks from losses on account of th
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