International Buying and Commercial Contracts in the Energy and Utility Sectors

19 Oct 09 - 23 Oct 09 - London Book this course 12 Apr 10 - 16 Apr 10 - London Book this course 18 Oct 10 - 22 Oct 10 - London Book this course
Duration: 1 week
Price:£3100
Course ref: 9ENERGYCONT

Overview:

An understanding of international buying, contract drafting, contract formation and arbitration is essential for energy and utility companies to succeed effectively in today’s increasingly competitive and complex global business environment. Having a full grasp of existing international legislative frameworks in respect of commercial contracts in the utilisation of international goods and services, is paramount in ensuring business development activities maximise your company’s return on investment and operates within established international private law and codes of practice.

The programme explores effective methods in enhancing international buying that will support this critical component of your organisation’s purchasing operations; how to negotiate effectively within appropriate contractual frameworks; provide participants with the necessary expertise to maximise their organisation’s capacity to achieve expected business results within highly competitive
international markets.

The programme will equip participants with the requisite skills to be able to appraise their existing contract arrangements, plan purchasing and supply policy and implementation, and will highlight the fundamentals of contract law and formation through pertinent case studies, with support from energy utility consultants and practitioners.
 



Learning objective
You will be able to:
  • Benchmark, develop and enhance the operation and activities of their organisation in relation to best practice in international purchasing and contract negotiation
  • Identify, understand and reduce the risks involved in trading internationally and associated legal issues
  • Utilise their understanding of contemporary international legal frameworks and ensure compliance and make best use of these frameworks to the benefit of their organisation
  • Apply the lessons of this course to broaden appropriate markets for the organisation
  • Identify the areas of change required for your organisation and the means and know-how to keep abreast of sector-specific  international buying trends

Course content
  • Modern buying practices
  • Contract terminology and definitions of terms used in the utility sector
  • International buying operations including inventory management
  • Reducing costs through inventory management
  • Overcoming the difficulties of international buying
  • International counter-trade
  • Reconciling the differing demands of buyers and sellers
  • Exploring the UNIDROIT (the International Institute for the Unification of Private Law) principles of international commercial contracts and international commercial contract law
  • Drafting and negotiating commercial contracts including contract formation and arbitration
  • Applicable law
  • The major issues in contracts; price, volume and duration
  • Dispute settlement in practice; arbitration and cancellation provisions
  • Critical elements of contract administration: theory into practice

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