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- W142310042 abstract "This chapter describes the Cash and Curry Clause in US legislation. US Congress, in the Neutrality Act of 1937, conferred on the President the power to prohibit the exportation on American vessels of certain goods—other than war materials—as determined by him. He was also empowered to prohibit the exportation of goods belonging to United States' nationals on foreign vessels. But even after such a proclamation, it remained possible for belligerent States or private persons acting on their behalf to buy these goods in cash, have ownership, title and interest transferred to them, and carry them away on vessels not flying the American flag. This regulation was the first version of the “cash and carry clause,” which remained entirely within the limits of neutrality obligations because it did not contain any type of formal discrimination against one of the belligerents. However, by the conditions of export-cash valuta and transport facilities, it favored Great Britain in practice." @default.
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- W142310042 date "1985-01-01" @default.
- W142310042 modified "2023-09-26" @default.
- W142310042 title "CASH AND CARRY CLAUSE" @default.
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- W142310042 doi "https://doi.org/10.1016/b978-0-444-87911-0.50026-x" @default.
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