Government restrictions reserving domestic transportation (between points within the country) to domestically registered carrier´s. Many countries have cabotage laws that require domestic owned vessels to perform domestic interport water transportation service.
Read MoreCall option
A contract which entitles one party (exporter or importer), at his option, to buy a specific amount of currency to another party (usually a bank), at a price fixed in the contract, within a specified time limit. See American option;…
Read MoreCalvo doctrine
A legal principle that jurisdiction in international investment disputes lies with the country in which the investment is located; thus, a foreign investor has no recourse beyond the host country´s local courts.
Read MoreCapacity to contract
A person´s competency, as defined by law, to make a contract. Capacity to contract is typically determined by whether a person has attained majority age and is mentally capable of understanding the contract terms.
Read MoreCapital account
The long and short capital imports and exports of a country in the balance of payment.
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