Participating States of the UN Convention
On Contracts for the International Sale of Goods
As of 1 July 2009 74 states signed (joined) the Convention:
- Bosnia and Herzegovina
- Czech Republic
- Republic of Korea
- New Zealand
- Saint Vincent and the Grenadines
Key provisions of the Convention
The Vienna Convention consists of four parts:
Part I. Scope of Application and General Provisions
Part II. Conclusion of Contract
Part III. Purchase and Sale of Goods
Part IV. Final Provisions
The text of the Convention inside the parts is divided into chapters, sections and article. Entire text of the Convention contains 101 articles.
Application of the Convention is limited to agreements between the parties whose commercial enterprises are located in the territory of the contracting states, or to cases when the applicable is law of one the contracting states. Art. 1 of the Convention states:
This Convention shall apply to contracts of purchase and sale of goods between parties whose commercial enterprises are located in different states:
a) when the states are contracting states;
b) when, according to the rules of international private law the law of a contracting state is applicable
An important provision of the Convention is that it provides to the contracting parties (seller and buyer) the right to withdraw its action, derogate from any of its provisions or to change its action.
Part II regulates the issues of conclusion of the contract, defines the concept of offer and acceptance.
Part III is divided into the following chapters:
- General Provisions.
- Obligations of the Seller.
- Obligations of the Buyer.
- Transfer of Risk.
- Provisions Common to the Obligations of the Seller and the Buyer.
Issues not directly settled in Convention to be settled in accordance with the general principles on which it is based, in the absence of such principles in it - in accordance with the law applicable by virtue of the collision regulations.