The CISG and commodity sales: a relationship to be revisited?

Bridge, Michael G. (2021) The CISG and commodity sales: a relationship to be revisited? Singapore Journal of Legal Studies. pp. 271-290. ISSN 0218-2173

Text (2021-08-31 Bridge Vienna Paper Commodity Sales (first edit)6828) - Accepted Version Pending embargo until 1 January 2100. Download (396kB)

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Abstract

The United Nations Convention on the International Sale of Goods is a remarkably successful example of uniform law in the private sector. It is confined to commercial sale transactions with the requisite international element, but the question is whether it is a suitable instrument for all types of international sale on a one-size-fits-all basis. In the commodity trades (the examples given here are oil, grain and soya transactions), there has been a resolute resistance to the Convention, as the standard form contracts routinely exclude the Convention. This article explains why certain provisions of the Convention may not be suitable for commodity sales but, more importantly, points to the dominant position of English law in these trades, together with a large bank of precedents giving certainty and predictability to transactions that often take on the character of market-driven, speculative financial dealings.

Item Type:	Article
Official URL:	https://law1.nus.edu.sg/sjls/index.html
Additional Information:	© 2022 The Singapore Journal of Legal Studies.
Divisions:	Law
Subjects:	K Law > K Law (General)
Date Deposited:	21 Feb 2022 12:24
Last Modified:	14 Sep 2024 08:58
URI:	http://eprints.lse.ac.uk/id/eprint/113782

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