International Business Transactions

This textbook is primarily intended for non-native speakers of English. It consists of seven chapters. In the first chapter basic legal concepts are explained, which are necessary for non-law students or junior law students to understand international business law. This is followed by the examination of the United Nations Convention on Contracts for the International Sale of Goods’ main provisions. The third chapter introduces International Commercial Terms (INCOTERMS) of the International Chamber of Commerce, which are written usages frequently agreed upon by the parties to an international sale of goods contract. The next chapter deals with other (than international sale of goods contract) independent contracts, like the contract for the construction of industrial works. The last three chapters discuss so-called accessory contracts which are necessary to fulfill the main contract, and which are related to the marketing of the goods, transport of goods and financing international trade. At the end of each chapter there is a reading related to the topic, and a glossary, explaining some of the most important words used in the chapter (these words are in italics in the text).1 This is followed by questions related to the material. And finally, there are some useful internet sources.