LEGISLATIVE HISTORY 1980 Vienna Diplomatic ConferenceG. Report of the First Committee
[Outline of committee proceedings] Document A/CONF.97/11 [Original: English 7 April 1980]
(. . .) 54 | Article 50 [became CISG article 54 ] |
A. UNCITRAL text [1978 draft]
B. Amendments
C. Proceedings in the First Committee
D. Subsequent proceedings
E. Overview comments
A. UNCITRAL text 1. The text [of the 1978 draft] of the United Nations Commission on International Trade Law provided as follows: "Article 50 [became CISG article 54 ] "The buyer's obligation to pay the price includes taking such steps and complying with such formalities as may be required under the contract or any relevant laws and regulations to enable payment to be made." [Go to Secretariat Commentary on the above text] B. Amendments 2. A joint amendment was submitted to article 50 [became CISG article 54 ] by Argentina, Spain, Portugal (A/CONF.97/C.1/L.201). 3. The amendment was to the following effect: Argentina, Spain, Portugal (A/CONF.97/C.1/L.201): Add the following sentence to article 50 [became CISG article 54 ]:"If payment in the contractual currency is not possible, the seller may require equivalent payment in the legal currency of the place of the buyer's place of business. "[Rejected: see Consideration, 5, below.] C. Proceedings in the First Committee(i) Meetings 4. The First Committee considered article 50 [became CISG article 54 ] at its 24th meeting on 26 March 1980 [see also 37th meeting of First Committee]. (ii) Consideration 5. At the 24th meeting, the joint amendment by Argentina, Spain, Portugal (A/CONF.97/C.1/L.201) was rejected by 9 votes in favour and 22 against, and theUNCITRAL text adopted. [D. Subsequent Proceedings][For subsequent Conference material on the development/approval of the final text of CISG article 54, go to Plenary Conference 8th meeting]
[E. Overview Comments][English translation of report on the significance of the deliberations on this article at the Diplomatic Conference: prepared by Peter Schlechtriem, based on notes taken at the conference and published shortly thereafter]
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