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11 Cards in this Set
- Front
- Back
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choice of language clause?
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designates the official language the contract will be interpreted
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forum selection clause?
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provision in the contract designating the court that will deside ne disputes
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choice of law clause?
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designates the law that will govern the contract
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force majeur clause?
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provision in the contract stating the certain unforseen events(war) will excuse party from liability
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foreign exchange market?
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worldwide systems in which foreign currencies are bought and sold
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correspondent bank?
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a bank in which another bank has an account 4 the purpose of facilitating fund transfers
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letter of credit?
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written instrument usually written on behalf of a customer or other person, in which the issuer promises to honor drafts or other demands by payment of a third persons
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quota?
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set limit on amt of goods that can be imported
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tariff?
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tax on imported goods
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dumping?
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selling of goods in a foreign country at the price below the price charged 4 the same goods in the domestic market
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normal trade relation status?
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status granted in an international treaty by a provision stating that the citizens of a contracting nations may enjoy tha privileges accord by either party to citizens of its NTR nation. designed to establish equality of international treatment
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