CISG Information :
- The CISG was developed by the United Nations Commission on International Trade Law (UNCITRAL), and was signed in Vienna in 1980. The CISG is sometimes referred to as the Vienna Convention (but is not to be confused with other treaties signed in Vienna). It came into force as a multilateral treaty on 1 January 1988, after being ratified by 11 countries
- CISG establishes uniform-rules for drafting international sales contracts, and sets the legal rights and obligations of the seller and the buyer under such contracts. CISG rules apply automatically to the sales contracts between the countries who have ratified the convention.
- The CISG allows exporters to avoid choice of law issues, as the CISG offers "accepted substantive rules on which contracting parties, courts, and arbitrators may rely". Unless excluded by the express terms of a contract,the CISG is deemed to be incorporated into (and supplant) any otherwise applicable domestic law(s) with respect to a transaction in goods between parties from different Contracting States.
- The purpose of the CISG is to provide a modern, uniform and fair regime for contracts for the international sale of goods. Thus, the CISG contributes significantly to introducing certainty in commercial exchanges and decreasing transaction costs.
More About CISG!
- As of 5 March 2013, UNCITRAL reports that 79 States have adopted the CISG.
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| Source: http://www.cisg.law.pace.edu/cisg/countries/cntries.html |
- The CISG is divided into four parts and 101 articles:
- Part I: Sphere of Application and General Provisions (Articles 1–13)
- Part II: Formation of the Contract (Articles 14–24)
- Part III: Sale of Goods (Articles 25–88)
- Part IV: Final Provisions (Articles 89–101)
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