Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-20T09:31:03.960Z Has data issue: false hasContentIssue false

5 - International Commodity Sales

Published online by Cambridge University Press:  14 May 2021

Ross Cranston
Affiliation:
London School of Economics and Political Science
Get access

Summary

To satisfy an industrialising and industrialised Britain, huge quantities of ‘soft’ commodities - grain, cotton, coffee, cocoa, sugar and palm oil – were grown, harvested and transported from North America, the steppes of Russia, Asia, Africa and the southern hemisphere for sale on the commodity markets of London and Liverpool. Sales of commodities in the first part of the nineteenth century were by dealings on physical markets and by auction. Trade associations like the London Corn Trade Association formed from the mid-nineteenth century had as a major aim the formulation of standard form contracts to govern the international sale of these commodities. Sale in this way need not be on physical markets or by auction, but could be at a distance. These standard form contracts modified the default rules of sales law. They are the precursors of contracts used world-wide today. Although governed by English law, they were adopted internationally. Traders in other countries had an input into their formulation. In drawing them up trade association members took the lead, with lawyers ‘on tap, not on top’. Disputes were settled by arbitration provided in the contract, and relatively few reached the courts. Untoward court decisions were remedied by redrafting the contracts.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • International Commodity Sales
  • Ross Cranston, London School of Economics and Political Science
  • Book: Making Commercial Law Through Practice 1830–1970
  • Online publication: 14 May 2021
  • Chapter DOI: https://doi.org/10.1017/9781108182836.006
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • International Commodity Sales
  • Ross Cranston, London School of Economics and Political Science
  • Book: Making Commercial Law Through Practice 1830–1970
  • Online publication: 14 May 2021
  • Chapter DOI: https://doi.org/10.1017/9781108182836.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • International Commodity Sales
  • Ross Cranston, London School of Economics and Political Science
  • Book: Making Commercial Law Through Practice 1830–1970
  • Online publication: 14 May 2021
  • Chapter DOI: https://doi.org/10.1017/9781108182836.006
Available formats
×