What is the scope of the 1982 United Nations Convention on Contracts for the International Sale of Goods?

The 1982 United Nations Convention on Contracts for the International Sale of Goods (known as the Vienna Convention) is an important tool in regulating international trade. The Convention establishes a set of rules governing international sales contracts, and outlines what the obligations of both parties are in such contracts. The main scope of the Vienna Convention is to ensure that the parties involved in an international sale transaction abide by certain principles. These principles include the equal and fair treatment of both parties, the observance of good faith and trust, and the utilization of public order and international standards. Furthermore, the Convention requires that parties engage in transparent, commercial and legal transactions, and that all parties involved adhere to the same laws and regulations. The Vienna Convention also covers the specifics of the sale, such as the transfer of title, delivery and payment. It establishes a framework for the determination of the applicable law, the performance of obligations, and the resolution of disputes. In addition, the Convention requires that the rights and remedies of the parties be enforceable. Maritime Law in South Carolina generally follows the Vienna Convention as the standard. Hence, in disputes related to international sales transactions, South Carolina courts often refer to the rules set forth in the Vienna Convention in determining the applicable law and the obligations and remedies of the parties.

What is the scope of the 1982 United Nations Convention on Contracts for the International Sale of Goods?

Related FAQs

Related Blog Posts