Applicable Country Law In Dispute Resolution
Posted: Mon Feb 23, 2015 6:42 pm
Dear All,
Seeking your valuable comments in the following problem.
Company A (in country X) agrees to sell grade no. 2 Agrentine yellow corn to company B (in country Y) on CFR basis. Company A charters a vessel to ship goods from country X to country Z. However, before the payment is settled the companies enter into a dispute regarding the quality of corn shipped. The sales contract between the companies specifies that in case a dispute law of the country where the goods are to be delivered will apply. Which country’s law is more likely to be applied
A. Country X
B. Country Y
C. Country Z
D. Any of the above
to my point of view the correct answer is A. Country X. Because the incoterm CFR specifies that the delivery has occured at the port of loading (Country X), so the law of the Country X will be applied to resolve the dispute.
What do you think? .....pls comment
Seeking your valuable comments in the following problem.
Company A (in country X) agrees to sell grade no. 2 Agrentine yellow corn to company B (in country Y) on CFR basis. Company A charters a vessel to ship goods from country X to country Z. However, before the payment is settled the companies enter into a dispute regarding the quality of corn shipped. The sales contract between the companies specifies that in case a dispute law of the country where the goods are to be delivered will apply. Which country’s law is more likely to be applied
A. Country X
B. Country Y
C. Country Z
D. Any of the above
to my point of view the correct answer is A. Country X. Because the incoterm CFR specifies that the delivery has occured at the port of loading (Country X), so the law of the Country X will be applied to resolve the dispute.
What do you think? .....pls comment