The Economic and Legal Analysis of the Terms of International Delivery Contracts Involving Russian Suppliers

Abstract

Purpose:The article presents an economic and legal analysis of the terms of contracts for international delivery of goods involving Russian suppliers. Design/Methodology/Approach: The authors analysed the international norms of regulating relations for the goods' delivery involving the foreign element. Terms of the goods delivery are investigated according to the national legislation of the Russian Federation. Findings: As a result, it is necessary to use an economic and legal approach when developing contract terms for the goods' delivery to take into account norms of international law, the national legislation of the supplier country and in accordance with the calculations of the contract price and payment terms. Practical Implications: The proposed method is in accordance with the international legal framework and it can be adopted by the Russian Federation easily. Originality/Value: There is no such an approach eligible to modernize the existing system in the country.Keywords: Business activity, international delivery of goods, contract of international sale of goods, supplier, buyer, terms of the delivery contract. JEL Classification Codes: F10, K12, C00.

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