Thousands of legal departments and companies involved in import-export
transactions around the world already use the ICC Model International Sale Contract to save time and cut risks when
buying and selling manufactured goods,
making it the most popular of ICC’s series of model contracts. Available in
English and bilingual English-French, the model sets out a carefully balanced
legal framework, with expertly drafted provisions covering issues such as
shipment, time of delivery, payment terms and ownership of the goods.
"Any company in any
country can use the ICC model contract,” said Abumelha Saeed, a contracting
adviser at Saudi Arabian company Aecom who followed an ICC training on the Model
International Sale Contract after it was updated in 2013. “I will definitely
recommend that others in my company use it."
“Drafting and negotiating
English-law governed contracts for small transactions could take about a week.
The ICC model contract offers a quicker alternative for small, international
purchases of goods,” said another participant. “The use of the International
Convention on the Sale of Goods as the legal basis for such contracts
eliminates the need to negotiate applicable law and could save time and effort
in the negotiation process between the parties.”
Providing clear directions to
sellers and buyers, the model contract includes an interactive digital version that
enables business people and lawyers to define their own up-to-date import-export
agreements incorporating the Incoterms®
2010 rules, Bank Payment Obligation rules developed by the ICC Banking
Commission and SWIFT, and other latest developments in international trade.
New-look ICC Store
This Book of the Month offer
comes a month after ICC Publications unveiled its newly improved online
bookstore. The easy-to-use ICC Store includes an e-Book function that allows customers
to download many popular titles directly onto their computers.
“With ICC’s bestselling model
contract on special offer as our first Book of the Month, we hope more people will
come and discover the new ICC Store, and its wide range of print and e-Books in
many languages. It’s a great source of reliable, time-saving tools for arbitrators,
bankers, lawyers and business people involved in cross-border trade,” said
Brigitte Horn, Marketing Coordinator for ICC’s Business Development Department.
As well as the latest ICC
rules and standards, including model contracts and Incoterms® 2010, visitors to ICC Store will find practical
guidelines and reference works including the ‘Dossier’ series of publications
from the ICC Institute of World Business Law. Some of the best-known
publications are available in more than 30 languages.
A different ICC publication
will benefit from the 20% reduction each month. Keep an eye on the ICC Store for further special offers.