Professional Documents
Culture Documents
Goods Contract
What is International Sales of Goods
Contract
The Differences between International Sale of
Goods contract and their national counterpart
Issue regarding International Sales
of Good
What Will the Contracting Language
Be?
Which Law Will Govern?
How will the Payment be done?
How Will the Logistics of Transport
and Export/Import Be Handled?
Contracting Language
Usually done by English or the language
that both parties is proficient with
Sometime one of the party will insist on
using local language
Possible to have multiple language
versions of the agreement, but need to
be clear about which version is
definitive in cases of conflict or
ambiguity
Which Law Will Govern?
(2) The fact that the parties have their places of business in different States is to be disregarded whenever
this fact does not appear either from the contract or from any dealings between, or from information
disclosed by, the parties at any time before or at the conclusion of the contract.
(3) Neither the nationality of the parties nor the civil or commercial character of the parties or of the
contract is to be taken into consideration in determining the application of this Convention.
Article 2
This Convention does not apply to sales:
(a) of goods bought for personal, family or household use, unless the seller, at any time before or at the
conclusion of the contract, neither knew nor ought to have known that the goods were bought for any such
use;
(b) by auction;
(c) on execution or otherwise by authority of law;
(d) of stocks, shares, investment securities, negotiable instruments or money;
(e) of ships, vessels, hovercraft or aircraft;
(f) of electricity.
What CISG Regulates
Formation (verbal offer + acceptance,
signatories may require in writing )
Sellers obligations : delivery in
conformity with contract, documents,
transfer ownership
Buyers obligations : payment price and
taking delivery
Non-performance remedies:
performance, damages, avoid
What CISG dont
Regulating Validity contract
Effect contract on ownership
Transportation
How will the payment be
done
The payment in Sale of Goods Contract can
be done in various way,below are the
example of viable method of payment:
Mail Transfer (M/T)