What is the Vienna Sales Convention?
Category:
business and finance
defense industry
The Vienna Sales Convention—officially, the “United Nations Convention on Contracts for the International Sale of Goods” or, in short, “CISG”—is an international treaty on the determinative law governing the international sale of goods. It was concluded on 11 April 1980 in Vienna.
Herein, what is the purpose of the Vienna Convention?
The Vienna Convention on Diplomatic Relations, which was agreed in 1961 and went into force in 1964, sets out how sovereign states can establish, maintain and, if need be, terminate diplomatic relations. It defines who is a diplomat and thus entitled to special privileges and immunities.
Subsequently, one may also ask, what does Cisg stand for?
Contracts for the International Sale of Goods
The Convention/Contracts for the International Sale of Goods is an international treaty signed in 1980 in Vienna which came into effect in 1988. Currently, 89 nation states are signatories to the CISG including, as noted, the United States, Mexico, and Canada.