1. First semester Lecture #3 Chapter TWO:International Sales
College of Law, Al-Mustansiriyah U. Fourth Year Course in Mercantile Contracts
First semester
Lecture #3
Chapter TWO:International Sales

2. Chapter Contents
Introduction to the concept of international sales contracts as well as variations in obligations across different countries.
Ad Idem:
Freedom of Contract
Shorthand Transaction
Incoterms: duties and obligations

3. This chapter introduces the subject of international sales contracts.
It is important to know that there are variations in obligations across different countries.
The concept of freedom of contract means that parties are free to decide among themselves how to execute a contract, who will be responsible for which risk, etc.

4. The term ‘shorthand transactions’ refers to transactions that specify time, place and price.

5. Term, word and phrase meaning
Students also provide meaning for the different terms, words and phrases that appear throughout the material. They also discuss differences and similarities and try to relate synonyms and antonyms that they have studied during this course:
Universal, terms, established, bound,
National laws, valid, as idem, fulfilled, handled, support, freedom of contract, observed, increase, shorthand transactions, specify.