Vienna Convention

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Vienna Convention

Common name for the United Nations Convention on Contracts for the International Sale of Goods. They are a body of law governing the international sale of goods between parties domiciled in member countries.

Vienna Convention

Formally known as the United Nations Convention on Contracts for the International Sale of Goods; an international treaty governing international commerce, defining the rights and duties of an exporter/seller and an importer/buyer. For example, it states that the seller must deliver the goods and the buyer must pay for them. Importantly, the treaty sets forth a variety of agreements into which exporters and importers may enter. This list of agreements lays out when the risk associated with delivery of the goods transfers from the seller to the buyer, and who is responsible for what costs. For example, a CPT agreement states that the seller must pay for shipment, but the buyer assumes all risk once the goods are transferred to the first transporter. More than 70 nations subscribe to the Vienna Convention. See also: Incoterm.
References in periodicals archive ?
This, the fourth edition of Honnold's (deceased) commentary on the United Nations Convention on Contracts for the International Sale of Goods (CISG), was edited and prepared by Flechtner (law, U.
1) Notably, two of the top countries of export destination from Florida--Mexico and Canada--as well as the United States, are among the 60 countries that have adopted the 1980 United Nations Convention on Contracts for the International Sale of Goods (the "convention" or "CISG").
This Contract shall be governed by and construed under the laws of State of Florida not including the 1980 United Nations Convention on Contracts for the international Sale of Goods.
PURSUANT TO ARTICLE 6 OF THE UNITED NATIONS CONVENTION ON CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS, THE PARTIES AGREE THAT THE UN CONVENTION SHALL NOT APPLY TO THIS AGREEMENT.
The parties exclude the application of the 1980 United Nations Convention on Contracts for the International Sale of Goods if otherwise applicable.
In contrast, if the parties elect to have the convention apply in total, the parties should use a provision similar to the following: "The terms of this Contract shall be governed by and construed under the 1980 United Nations Convention on Contracts for the International Sale of Goods.
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