Question: Please answer 4, or 4 and 5 both Class Review Questions REVIEW QUESTIONS 1. Describe the significance and difference of International Business Contract to an

Please answer 4, or 4 and 5 both Class Review

Please answer 4, or 4 and 5 both

Class Review Questions REVIEW QUESTIONS 1. Describe the significance and difference of International Business Contract to an exporter in comparison to sale contract for supply of goods in Pakistan? 2. Describe the different major laws which have to be kept in mind while entering into export contracts? 3. What are the differences between FOB contract and CIF contract and explain the duties and obligations of importers and exporters? 4. Describe the different general conditions in an export contract? 5. Describe the different legal dimensions in implementation of export contracts? 6. Distinguish the role of agent and distributor in international business contacts? 7. Write the importance of different clauses in Export Agency Agreement? 8. Write short notes on the following: a. Incoterms b. INCOTERMS group c. Ex works in international contracts

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