Assignment Briefing Assignment Summary Prepare a business report for a hypothetical shipping importer or exporter that critically discussesthe essential contracts within the context of ‘law of international trade’ from the standpoint of a trading company shipping goods by sea.Assignment Tasks1. The purpose of the assignment is to apply the Trade Law taught in the module to export or import scenarios of your choosing so that you can demonstrate how Trade Law works in practice rather than just theory.2. The export (or import) scenario is entirely up to you; perhaps it is a trading activity you would like to do after graduation involving trade between your home country and another country. Whichever scenario you choose, it will involve two specific countries, and importer and exporter and a specific product being shipped. For these you will investigate specific options regarding carriers, banks and insurance companies. Your scenario must involve shipping by sea (not by air) and it must not be solely within the EU. In general, it should be between continents, but there may be exceptions.3. The module sessions will show the key documents, laws and regulations that are relevant for the assignment. In particular, the ‘key documents’ are the documents that will come up in any trading scenario. There are also ‘checklists’ that a trader should follow to achieve success in shipping, getting paid, mitigating risk, and dealing with disputes should they arise. That being said, do not concern yourself with government documents such as customs forms or import licences, as these documents are not covered in Semester 2.5. Your paper should, in essence, follow this checklist approach for your specific scenario. It should be a business report showing that you have investigated the options for your trading scenario and analysed them in the context of the module. As with all business reports, you should recommend specific options and choices based on your scenario, assumptions and the evidence that you provide.6. Examples of how to research shipping options will be covered during the module: You should ‘shop around’ with different carriers and you should get different ‘quotes’ and contracts from them. Is one carrier option better than another in terms of applicable law, dispute resolution or insurance terms? Another example would be to research financial institutions who deal with Letters of Credit and insurance for the countries involved—how should you choose one over another? Your recommendations should reflect and analyse the trade-offs involved and justify your choices with solid arguments.7. Although there is more focus on the application of the law taught in the module to specific business scenarios, the laws themselves should not be ignored, so citing specific laws and/or cases to illustrate your points is important.The 2500 word limit (+/- 10%) does not include the references or appendices. Allocation of Marks (subject to adjustment) FEEDBACK ON THE WRITTEN ELEMENTS OF THE MODULE WILL BE BASED ON UNIVERSITY GRADE CRITERIA: 70-74Your work demonstrates strong knowledge of the subject area and the ability to develop an independent and sophisticated argument or evaluation. The ideas you put forward demonstrate exceptional clarity and focus and your work adheres to the principles of good academic practice (citation and referencing; appropriate presentation format; clear, accurate English). It addresses the learning outcomes/assessment criteria fully.
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