LEGISLATIVE HISTORY

CISG ANTECEDENTS

Match-up of CISG article 54 with ULIS provisions

     CISG Article 54                      ULIS Article 69 
                                                
The buyer's obligation to pay       The buyer shall take the steps 
the price includes taking such      provided for in the contract, by 
steps and complying with such       usage or by laws and regulations 
formalities as may be required      in force, for the purpose of 
under the contract or any laws      making provision for or 
and regulations to enable           guaranteeing payment of the 
payment to be made.                 price, such as the acceptance of 
                                    a bill of exchange, the opening 
                                    of a document credit or the 
                                    giving of a banker's guarantee.