Course Listing

Trade Finance Law
Last Updated Date:   3 June 2022

5 Credits,  Semester 1

Course Description:
The legal framework for international trade consists of four interlocking sets of contractual relationship: the underlying sale contract whereby goods or services are sold internationally; a contract for the international carriage of goods by land, sea or air; insurance policies covering loss of, or damage to, the goods; and the international banking contracts between the sale parties and banks financing the transaction. This module focuses on the financing aspect of international trade, although a key theme of the course is that this aspect cannot be seen in isolation from the other sale, carriage and insurance aspects of trade operations. This module will examine the various mechanisms that are used to effect payment pursuant to the terms of the sale contract and that are used to incentivise performance of that agreement. This module will focus in particular on the documentary letter of credit as the principal means of financing international sales, although other financing techniques will also be considered.

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Course Convenor: A/P Paul Myburgh

Co-teacher(s): NA

Module Codes: LL4322V / LL5322V / LL6322V / LLD5322V / LLJ5322V

Contact Hours: 3 hr weekly seminars

Workload: 3 hours

Mode of Assessment: LLM/GDMLA/LLB Class Participation – 10%; Research Paper (2500 words) - 20% [Topic/s will be released in Wk 3 or 4; due date to be advised (Wk 9) & 6-hr Take Home Exam - 70% [Release: Mon, 14 Nov 2022 (9am); Due: Mon, 14 Nov 2022 (3pm)]

Preclusions: LL4322/LL5322/LL6322/LLD5322 Trade Finance Law

Prerequisites: NUS Compulsory Core Law Curriculum or common law equivalent.

Examination Date: Different Mode of Examination

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