Question
( Documents in International Trade) UK Commodities Company (based in England) wants to purchase 50,000 tonnes of tea from Tea Trading Co. (based in India.)
( Documents in International Trade)
UK Commodities Company (based in England) wants to purchase 50,000 tonnes of tea from Tea Trading Co. (based in India.) The sales contract has not been concluded, and there are no prior business dealings between UK Commodities Company or Tea Trading Co.
Tea Trading Co. has no way of knowing if UK Commodities Company will pay for the goods after Tea Trading Co. has produced and shipped the products.
UK Commodities Company is concerned that Tea Trading Co. is a dishonest Seller. UK Commodities Company is also worried that the tea will arrive damp and in a condition that is not fit for consumption.
Advise both parties on ways they could manage their concerns by discussing any relevant:
1.Contract terms that the parties may include
2.Documents in international trade
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
