International Business Transactions Outline Essay

IBT OUTLINE—Karamanian, Spring 2008 I. Modern Forms and Patterns of IBT a. Types of IBTs, categorized by penetration: i. export-import transaction ii. agent or distributor sells goods abroad iii. licensing to a foreign entity to manufacture and distribute products abroad iv. Joint ventures b. Forms of Trade i. Goods ii. Services iii. FDI iv. Knowledge/Technology Transfer c. MNE i. DEFINITION: a number of affiliated businesses which function simultaneously in different countries, are joined together by ties of common ownership of control, and are responsible to a common†¦show more content†¦minimum coverage = K cost plus 10% (110% coverage) 4. Must have a negotiable B/L a. in CIF, the goods are delivered past the ship’s rail, but S does not possess them until the port of destination. This is distinct from the FOB where delivery and possession occur at same time. 5. Buyer has a right to inspect before shipment (unlike FOB) 6. only for waterway transport iv. Biddell Brothers v. E. Clemens Horst Company ( Ct. Ap. King’s Bench, 1911) 1. Kennedy, Dissent(even though the K does not require payment against documents, it is necessarily implied by the term CIF, because otherwise the S would give up the goods, while B would still be able to reject them at the port of delivery, or would have to hold the B/L until goods were accepted, in violation of the K. This view was taken upon appeal to H of Lords. 2. Reference Parker v. Schuller (1901) in which Seller sues Buyer under a CIF K for not shipping the goods. The sellers lost on appeal b/c they should have argued that the breach occurred when B failed to ship the documents, b/c the documents could not have been shipped without shipping the goods. 3. SIG: a. CIF(duty to deliver documents to S, goods to carrier. b. Buyer has no right to inspect at port ofShow MoreRelatedA Weekly Training Session 1 Embargo Sanctions1525 Words   |  7 Pagessanctions regimes our international bank must consider when carrying out its global business incl uding the implications of extra territoriality. We will also examine the consequences of failing to comply with sanctions. What are the sanctions regimes our international bank must consider? Firstly, we all need to be clear on what sanctions regimes are and how they are set out. Financial and Trade Sanctions are part of a package of measures applied by individual countries, International Organisations orRead MoreCorruption International Business Concerns The Making Of An Unlawful Payment1503 Words   |  7 Pages Corruption international business concerns the making of an unlawful payment to the politician’s government officials of a host company. The causes of corruption are multidimensional including cultural economic political legal and institutional factors that have different variations from one country to the other. The Foreign Corrupt Practices act was passed in 1977 to prohibit the bribes and gifts to foreign officials as a method of payment influencing businesses and government decisions and toRead MoreReflect of Globalization on International Business1485 Words   |  6 PagesGlobalization refers to the increasing unification of the worlds economic ord er through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportationRead More Jetstar Essay682 Words   |  3 Pagesand somewhat â€Å"no frills† option when flying locally. The article outlines the considerations and specifications that Qantas and thus Jetstar have undertaken in order to accomplish its â€Å"first foray overseas† as part of its â€Å"segmentation strategy†. Jetstar’s expansive venture is then obviously significant and relevant to the study of international business’s (any business transaction which involves a cross-border commercial transaction) and the goals and barriers achieved and endured. WHY THE ARTICLERead MoreCan Conceptual Framework Advance The Development Of Accounting Standard?1525 Words   |  7 PagesCan Conceptual Framework advance the development of accounting standard? International Accounting standard Board (IASB) is ‘responsible for the development of high quality global accounting standards for use in the world’s capital markets and by other users.’ It is the standard-setting body of the International Accounting Standards Committee (IASC) Foundation. It was formed in 2001 to replace IASC. The objectives of IASC foundation are to develop a single set of global financial reporting standardRead MoreDetermining the Accounting for Receivables from Officers and Directors.1069 Words   |  5 PagesFacts Philadelphia Communications Inc. (â€Å"Philly†) is a public company that completed an initial public offering (IPO) a few months ago. John Sigar is the current CEO and member of the board of directors. He is the only family member involved in the business and owns significant amount of the company’s stock. While, we were doing audit testing for accounts receivable we came across number of Notes Receivable from several Mr Sigar’s cousins. They have taken advances frequently but never failed to payRead MoreImpact Of The Foreign Corrupt Practices Act1334 Words   |  6 Pagesfor the development and establishment of the Foreign Corrupt Practices Act. This Act, even to this day, is recognized for its purpose of prohibiting the practice of corrupt actions associated with the U.S. While widely recognized in the American business market, due to its impact nationally as well as internationally, its â€Å"real† significance in U.S. commerce has been criticized. As those that enforce this Act have imposed increasing penalties which do not necessarily concern the true wellbeing ofRead MoreTaking a Look at a Writing Survey913 Words   |  4 Pagesdata in a specific branch of knowledge, and some of the time data in a specific branch of knowledge inside a certain time period. A literary works survey might be simply a straightforward outline of the sources, however it generally has an authoritative example and consolidates both synopsis and blend. An outline is a recap of the imperative data of the source, yet an amalgamation is a re-association, or a reshuffling, of that data. It may give another elucidation of old material or join new withRead MoreOrganizational Culture : Organisational Culture Essay729 Words   |  3 PagesOrganizational Culture Defined In accordance with the Business Dictionary, organizational culture (similarly entitled Corporate Culture) is the standards and conducts which subsidize to the distinctive communal and the psychosomatic atmosphere of an establishment. Organizational culture incorporates an establishment s expectancies, knowledges, perspective, and principles which sustain it, collectively, and is articulated in its individual-representation, internal workings, collaborations with theRead MoreE Commerce Retailing And Services Essay856 Words   |  4 Pagesoffline sales channel beyond having an online store. The offline retailers diversify their marketing strategy to succeed on the web. Consumers use computers, tablets, and mobile devices to find the lowest-cost products and to complete a retail transaction. Thus, the retailers have developed a marketing strategy to integrate the online and offline experiences. The three techniques that the retail merchants use to integrate their online and offline include the interactive kiosks; online order of in-store