IBT 4: International Sale of Goods II: Convention on the International Sale of Goods (CISG)

NOT ENOUGH, GO SEE NOTES

What is the CISG?

International convention governing sale of goods

When did CISG enter into force?

1988

What is the main goal of CISG?

Uniform rules for international sales law

Is CISG automatically applicable?

Yes, if conditions are met

Can parties exclude CISG?

Yes (opt-out possible)

When does CISG apply?

Parties in different states

Does the goods need to cross borders?

No

What matters for internationality?

Place of business of parties

Does CISG apply to consumer sales?

No

Does CISG apply to services?

No

Does CISG apply to shares or securities?

No

What is required for an offer?

intention to be bound, definite terms, price and goods

When does an offer become effective?

When it reaches the offeree

What is force majeure under CISG?

External event preventing performance

When does CISG apply?

parties in different states, contract for goods, no valid exclusion

Which is excluded from CISG?

consumer goods, shares, electricity