International traders (sellers/ exporters, buyers/ importers) who intend to do business in the electronic medium continuously (in a number of transactions as trading partners) are preferably required to sign a Global e-Commerce Agreement (GeCA) in the first instance.
GeCA is a blanket legal agreement that enables and governs future electronic business transactions to be concluded under e-Contracts for International Sale, Supply, Distribution, etc of Goods.
eTransWorld is a business-to-business (B2B) e-Contracting service for international traders. It was launched by LexEcon Consulting Group with the objective of meeting their global trading clients' demand for a simple, cost effective, and secure electronic alternative to the present practice of paper-based contract signing and performance.
This e-Contract template/ model is suitable for one time or short term sale of manufactured goods in B2B transactions. Signing the Global e-Commerce Agreement is preferred if the seller and buyer further intend to do business electronically as trading partners.
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