Launched in 2013, the ICC Model International Sale Contract sets out a comprehensive set of rights and obligations for sellers and buyers, helping traders, business people and lawyers save time in international transactions. Designed for the sale of manufactured goods, the model may also serve as an example for other types of products.
With interactive sessions, real-life scenarios, and hands-on advice, the training day is run by one of the Model Contract’s co-authors, Christoph Martin Radtke, Partner, Lamy & Associes, France; Co-Chair, Incoterms® 2010 Drafting Group; and Member, ICC Commission on Commercial Law and Practice, together with Emily O’Connor, Executive Secretary, ICC Commission on Commercial Law and Practice.
“For anyone involved in international trade, this training is a great chance to really understand the new ICC Model International Sale Contract, and hear straight from some of the people who helped draft it,” said Ms O’ Connor.
ICC experts will guide participants through the print and digital versions of the ICC Model International Sale Contract, which incorporates the Incoterms® 2010 rules, as well as the new Bank Payment Obligation (BPO) rules developed jointly by the ICC Banking Commission and SWIFT. Each step will be made clear, from the contract’s general characteristics to scope of application, termination and resolution of disputes. And of course, participants will get their own copy of the contract to keep.
The upcoming training day builds on the success of the first ICC Model International Sale Contract training, which took place last October and received tremendously positive feedback from participants.
“You will get the best knowledge in international commercial transactions from the most experienced professionals worldwide,” said Saeed Abumelha, Contracting Adviser, AECOM, Saudi Arabia, one of many enthusiastic participants at the first ICC Model International Sale Contract training.
The ICC Model International Sale Contract training is preceded by a two-day Masterclass on the Incoterms® 2010 rules, on 5-6 March 2014.
Developed by the ICC Commission on Commercial Law and Practice, ICC model contracts and ICC model clauses are an invaluable resource for conducting business internationally. Aiming to provide a sound legal basis upon which parties to international contracts can quickly establish an even-handed agreement acceptable to both sides, they offer parties a neutral framework for contractual relationships without expressing a bias for any one particular legal system.
Produced in line with the ICC mission to help businesses meet the challenges and opportunities of globalization, ICC model contracts are the products of some of the finest legal minds in the field of international commercial law. They are designed to protect the interests of all the parties, combining a single framework of rules with flexible provisions that enable parties to adapt the contract to their own requirements.
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