Matchup of CISG Article 54 with ULIS/ULF Go to Database Directory || Go to CISG Table of Contents



Match-up of CISG article 54 with ULIS provisions

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 laws and regulations to enable payment to be made.


ULIS Article 69

The buyer shall take the steps provided for in the contract, by usage or by laws and regulations in force, for the purpose of making provision for or guaranteeing payment of the price, such as the acceptance of a bill of exchange, the opening of a document credit or the giving of a banker's guarantee.

Pace Law School Institute of International Commercial Law - May 22, 2001