Question 3 Company X signed a sales of goods contract with Company Y. Under the contract, Company X was obliged to make several shipments of electric appliances from Port A to Port B. The voyage between Port A to Port B is usually safe, except there are some occasional cargo theft incidents reported in Fort B. Company X wanted to purchase a cargo insurance for the shipments and approached an insurance company, Company Z, for advice. To assess the risks of the shipments, Company Z asked Company X to provide the insurance claims record and the value of the shipments. LOWd Copyright 0 206: Singapan Urively of Said Saca (JUSS] Tired Online Amigomant - Imaury Sameder 2001 Company X was worried that the premium would be increased if a full disclosure was made to Company Z. In the claims record, Company X deleted the major claims and only disclosed the minor claims to Company Z. Also, there were two survey reports for the shipments. The first report underestimated the value of the shipments and the second report corrected the mistake. Company X only disclosed the first report to Company Z (a) Advise Company X whether there is any legal issue arising from the disclosure of information to Company Z for the cargo insurance. (5 marks) [b) Advise Company X which Institute Cargo Clauses should be used for the cargo insurance. In arriving at your answer, you should demonstrate the main features of the Institute Cargo Clauses (A), (B) and (C). (20 marks) Question 4 (a) A Singapore-based company is planning to sign an international sales contract ( the said contract) with a China-based company. Propose one governing law for the said contract. In your answer, you should focus on two (2) options and conclude which option is the most appropriate for the said contract. (13 marks) (b) Based on your answer to question 4(a), suggest one alternative dispute resolution method for the said contract. In your answer, you should highlight nes (2) options and conclude which option is the most appropriate for the said contract. (12 marks)