Legal Matters

When it comes to international trade, the United Nations Convention on Contracts for the International Sale of Goods (CISG) plays a crucial role. But what exactly is CISG, and when does it apply? Let's break it down in simple terms. What is CISG? The CISG is an international treaty that provides a uniform set of rules for the sale of goods between businesses in different countries. Its main goal is to simplify and harmonize international trade law, making it easier for businesses to buy and sell goods across borders. When Does CISG Apply? International Contracts : The CISG applies to contracts for the sale of goods between parties whose businesses are in different countries. Both countries must have ratified the CISG for it to apply automatically. Opt-In/Opt-Out : Parties can choose to exclude the CISG or modify its provisions in their contracts. If they don't specify otherwise, the CISG applies by default. Types of Goods : The CISG covers commercial goods and products but does...

Understanding the Buyer’s Duty to Examine Goods Under the CISG In the realm of international trade, ensuring clarity and fairness in contractual obligations is paramount. The United Nations Convention on Contracts for the International Sale of Goods (CISG) plays a crucial role in harmonizing rules governing the sale of goods across different countries. Among its many provisions, one of the fundamental aspects that the CISG addresses is the buyer’s duty to examine goods upon receipt. What is the CISG? The CISG, adopted in 1980, provides a comprehensive framework for regulating contracts for the international sale of goods between parties located in different countries that are signatories to the convention. It aims to promote uniformity and predictability in international trade by establishing rules governing contract formation, obligations of the buyer and seller, remedies for breach of contract, and more. Buyer’s Duty to Inspect Goods Under Article 38 of the CISG, the buyer has a duty...