Lloyd's Maritime and Commercial Law Quarterly
BOOK REVIEW - THE FINANCING OF COUNTERTRADE
THE FINANCING OF COUNTERTRADE by Brian D. Townsend, B.Sc. (Econ), Director, Arbuthnot Latham Bank Ltd. Butterworths, London (1986, v and 95 pp., plus 3 pp. Index). Hardback £27.50.
In the Preface to this most recent book on the subject of countertrade, the author states that he has attempted to provide positive guidance as to the conduct and finance of countertrade while indicating the prerequisites for successful trading and optimal funding. This is not an easy task, particularly in a mere 95 pages, as the author himself acknowledges, since the term “countertrade” is generally used to describe any transaction in international trade whereby a sale of goods and an obligation to purchase goods or services (or a combination of
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