CISG: Harmonizing Private Commercial Laws

Work CISG

Table of Contents
Work CISG.................................................................................................................................................1
INTRODUCTION.....................................................................................................................................3
MAIN BODY.............................................................................................................................................3
In favour of the statement that CISG tends to harmonise the private commercial laws of contract so
it has achieved the legislative milestone...............................................................................................3
CONCLUSION..........................................................................................................................................9
REFERENCES.........................................................................................................................................10

INTRODUCTION
International trade law refers to all the rules and customs which are required to handle the trade
between different countries. This branch of rules is an independent field where government has also
become a part of world trade under world trade organisation. It applies to private sectors as well. It
regulates the trade between different countries through treaties. The states which have entered into a
treaty with each other are subject to international trade law to regulate their trading. The United Nations
conventions on contract for the international sale of goods (CISG), a multilateral treaty which
establishes uniform legal regime on contracts for cross boarder sale of the goods (Diaconescu, 2018) .
It is a binding agreement on the parties who have entered into contract with each other to trade
internationally. This report is about the justification for the multilateral treaty of 1980 United Nations
Convention on Contracts for the International Sale of Goods (CISG) as to whether it has achieved the
legislative achievement which aims to harmonise the private international commercial law.
MAIN BODY
In favour of the statement that CISG tends to harmonise the private commercial laws of contract so it
has achieved the legislative milestone.
International trade law is the set of rules that applies to the operations and operators of the
international trade. Earlier in the past, there was Lex Mercatoria which was the unwritten law or rules
which was based on customs and usage. It governs the international trade. But after the first world
world, the economic trade at world level increased rapidly which revealed a need to bring common set
of rules and standards which would govern the international trade. This sectors involves various
branches of the law like company, commercial, contract, business law, etc. The main sources of the
international trade law are the national law, international law and the Lex Mercatoria.
There are two types of international trade, one is private which is a branch of the international
private law which governs the trade relations between private individuals and the other is public, which
is a branch of the international public law which governs the trade relation between states
(Dobrovolná, 2017).
The United Nations Convention on Contract for the Sale of Goods is a multilateral treaty which
is binding on the parties who ave entered into the contract or agreement with each other. It is the set of
rules which regulate the commercial contracts between the individuals who have their business in the
different countries where performance and making of the contract is governed. It is for managing the