This is an extract of our 2. Icp Intro document, which we sell as part of our International Commercial Practice Notes collection written by the top tier of City Law School students.
The following is a more accessble plain text extract of the PDF sample above, taken from our International Commercial Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:
ICP Intro Commercial Court Admiralty and Commercial Courts Guide Must serve Particulars 28 days after filing acknowledgement of service. If acknowledges, has 28 days after service of Particulars to file defence. Reply can be served within 21 days of defence. Commercial court = automatic multi-track. Case management features
- Case memorandum, list of issues and case management bundle produced early on
- These will be amended throughout process - list of issues defines what factual and expert evidence necessary and scope of disclosure
- Mandatory CMC after statements of case served
- After statements of case, serve disclosure schedules Disclosure
- anything wider than standard disclosure will need to be justified Costs
- Less than PS100,000 will usually be summary assessment CIF contract A Cost, Insurance and Freight (CIF) contract is an agreement to sell goods at a price inclusive of the cost of the goods, insurance coverage and freight. A CIF contract requires the vendor to ship at the port of shipment the agreed goods in the underlying contract of sale, to procure a contract of carriage (bill of lading) under which the goods will be delivered to the agreed destination, to arrange for insurance which will be available for the benefit of the purchaser, to make out a commercial invoice and finally to tender these documents to the buyer who must be ready and willing to pay the price of the shipped goods. In such a case, the title of the goods may pass either on shipment or on tender of the documents. The risk generally passes on shipments or as from shipments, but possession does not pass until the documents which represent the goods are handed over in exchange for the price. As a result, the buyer, after receipt of the documents, can claim against the carrier for breach of the contract of carriage and against the underwriter for any loss covered by the policy. - See more at: http://www.tamimi.com/en/magazine/law-
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