CISG United Nations Convention on Contracts for the International Sale of Goods (1980)
CISG
United Nations Convention on Contracts for the International Sale of Goods (1980)
Zivilrecht
Int. Privat- & Wirtschaftsrecht
- The Convention imposes on both parties the duty to preserve any goods in their possession belonging to the other party. Such a duty is of even greater importance in an international sale of goods where the other party is from a foreign country and may not have agents in the country where the goods are located. Under certain circumstances the party in possession of the goods may sell them, or may even be required to sell them. A party selling the goods has the right to retain out of the proceeds of sale an amount equal to the reasonable expenses of preserving the goods and of selling them and must account to the other party for the balance.
Source: UNCITRAL
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