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1980 United Nations Convention On Con

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1980 United Nations Convention On Con
http://www.uncitral.org/uncitral/en/uncitral_texts/sale_goods/1980CISG.html

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United Nations Convention on Contracts

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for the International Sale of Goods
(Vienna, 1980) (CISG)

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Text - Explanatory note
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UNCITRAL Texts &
Status

Date of adoption: 11 April 1980

International
Commercial
Arbitration &
Conciliation

Purpose

International Sale of Goods (CISG)
Security Interests
Insolvency

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.
Why is it relevant?

International
Payments
International
Transport of Goods
Electronic Commerce

The contract of sale is the backbone of international trade in all countries, irrespective of their legal tradition or level of economic development. The
CISG is therefore considered one of the core international trade law conventions whose universal adoption is desirable.
The CISG is the result of a legislative effort that started at the beginning of the twentieth century. The resulting text provides a careful balance between the interests of the buyer and of the seller. It has also inspired contract law reform at the national level.

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The adoption of the CISG provides modern, uniform legislation for the international sale of goods that would apply whenever contracts for the sale of goods are concluded between parties with a place of business in
Contracting States. In these cases, the CISG would apply
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