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.