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Paperless Trade

By Emmanuel T. Laryea


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A "digital divide" threatens the global trade regime. And it is not narrowing; it is rapidly becoming an unbridgeable chasm. Nor is this a problem merely for developing countries: the headlong trend toward dematerialisation of trade documents in the developed world will grind to a halt unless all trading countries without exception possess the legal and operational ability to participate in paperless trade.

This challenging work not only describes the obstacles to universal support for paperless trade, but also provides solutions that can be implemented if stakeholders make the collective effort to achieve this most desirable (and in fact necessary) goal. Dr. Laryea investigates such central issues as the following: legal problems and security risks not encountered in paper documentation; accommodating low-tech problems with electronic documentation; and funding the construction of information and communication technology infrastructure in developing countries. The presentation focuses on each of the essential contract documents in turn, from the quotation to the documentary credit, explaining exactly how the electronic versions of each work (particularly in terms of security), and why each is desirable.

As the first comprehensive set of practical proposals, from a truly global perspective, for the speedy dematerialisation of trade documents, Paperless Trade is essential reading for traders, practitioners, academics, and national and international officials and policymakers engaged in facilitating world trade.

Last Updated 01/01/2003
Product Line Kluwer Law International
ISBN 9789041198976
SKU 10059389-0001
Table of Contents
    Introduction to Series. Foreword. Acknowledgments
  1. The Opportunities
  2. The Challenges
  3. Organisation of Contents
  4. Introduction
  5. Admissibility of Electronic Evidence
  6. Reliability of Electronic Evidence
  7. Private International Law Issues
  8. Conclusion
  9. Introduction
  10. Creation of the Contract of Sale
  11. The Role of Writing in the Creation of the Contract of Sale
  12. Functions of Writing
  13. Type of Written Document
  14. Conclusion
  15. Introduction
  16. Creation of the Contract of Carriage
  17. Documents Generated Under Sea Carriage Contracts
  18. Functions of Documents Generated under Sea Carriage Contract
  19. The Various Documents
  20. Conclusion
  21. Introduction
  22. Formation of the Transit Insurance Contract
  23. The Slip
  24. The Policy
  25. The Certificate of Insurance
  26. The Broker's Cover Note
  27. The Letter of Insurance
  28. Legal Reform in Australia
  29. Conclusion
  30. Introduction
  31. Reasons for the Documentary Credit's Popularity
  32. Relevancy of Documentary Credits in Paperless Trade
  33. Are There Viable Alternative Methods for Providing Security, Liquidity and Proximity?
  34. Electronic Documentary Credits
  35. Conclusion
  36. The ICT Gap
  37. Introduction
  38. Nature and Causes of the ICT Gap
  39. Implications of the ICT Gap
  40. Conclusion
  41. Introduction
  42. A Dual System
  43. Third Party Facilitators
  44. Facilitating the Construction of the ICT Infrastructure
  45. Conclusion.
    Further Reading.