Book contents
- Frontmatter
- Contents
- Foreword, by Eric E. Bergsten
- Contributors
- PART ONE INTRODUCTION
- PART TWO CISG–UNIDROIT Principles comparative editorials
- PART THREE CISG–PECL COMPARATIVE EDITORIALS
- Art. 6 CISG–PECL, by Ulrich G. Schroeter [Germany]
- Art. 7 CISG–PECL, by John Felemegas [Australia]
- Art. 8 CISG–PECL, by Maja Stanivukovic [Serbia]
- Art. 9 CISG–PECL, by Anja Carlsen [Denmark]
- Art. 10 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 11 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 13 CISG–PECL, by Ulrich G. Schroeter [Germany]
- Art. 14 CISG–PECL, by Predrag N. Cvetkovic [Serbia]
- Art. 16 CISG–PECL, by Orkun Akseli [Turkey]
- Art. 17 CISG–PECL, by Cecilia Carrara [Italy] & Joachim A. Kuckenburg [Germany]
- Art. 18 CISG–PECL, by Cecilia Carrara [Italy] & Joachim A. Kuckenburg [Germany]
- Art. 19 CISG–PECL, by Pilar Perales Viscasillas [Spain]
- Art. 20 CISG–PECL, by John Felemegas [Australia]
- Art. 21 CISG–PECL, by John Felemegas [Australia]
- Art. 23 CISG–PECL, by Pilar Perales Viscasillas [Spain]
- Art. 25 CISG–PECL, by Hossam El-Saghir [Egypt]
- Art. 28/62 CISG–PECL, by Jarno J. Vanto [Finland]
- Art. 29 CISG–PECL, by Sieg Eiselen [South Africa]
- Art. 31/57 CISG–PECL, by Chengwei Liu [China]
- Art. 33/52(1) CISG–PECL, by Colin Ying [Australia]
- Arts. 45/61 CISG–PECL, by Chengwei Liu [China]
- Art. 46 CISG–PECL, by Jarno J. Vanto [Finland]
- Arts. 47/49(1)(b) CISG–PECL, by Bruno Zeller [Australia]
- Art. 48 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 49 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 50 CISG–PECL, by Jarno J. Vanto [Finland]
- Arts. 51/73 CISG–PECL, by Christopher Kee [Australia]
- Art. 55 CISG–PECL, by Andrea Vincze [Hungary]
- Art. 58 CISG–PECL, by John Felemegas [Australia]
- Arts. 63/64(1)(b) CISG–PECL, by Bruno Zeller [Australia]
- Art. 64 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 65 CISG–PECL, by Andrea L. Charters [U.S.A.]
- Arts. 71/72 CISG–PECL, by Sieg Eiselen [South Africa]
- Art. 74 CISG–PECL, by Philipp Höttler [Germany] & Friedrich Blasé [Germany]
- Art. 75 CISG–PECL, by Bojidara Borisova [Bulgaria]
- Art. 76 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 77 CISG–PECL, by Bruno Zeller [Australia]
- Arts. 78/84(1) CISG–PECL, by Francesco G. Mazzotta [Italy]
- Art. 79 CISG–PECL, by Dionysios P. Flambouras [Greece]
- Art. 80 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 81 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Art. 82 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Arts. 85, 86, 87, 88 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Index
Arts. 78/84(1) CISG–PECL, by Francesco G. Mazzotta [Italy]
Published online by Cambridge University Press: 20 October 2009
Edited by
Book contents
- Frontmatter
- Contents
- Foreword, by Eric E. Bergsten
- Contributors
- PART ONE INTRODUCTION
- PART TWO CISG–UNIDROIT Principles comparative editorials
- PART THREE CISG–PECL COMPARATIVE EDITORIALS
- Art. 6 CISG–PECL, by Ulrich G. Schroeter [Germany]
- Art. 7 CISG–PECL, by John Felemegas [Australia]
- Art. 8 CISG–PECL, by Maja Stanivukovic [Serbia]
- Art. 9 CISG–PECL, by Anja Carlsen [Denmark]
- Art. 10 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 11 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 13 CISG–PECL, by Ulrich G. Schroeter [Germany]
- Art. 14 CISG–PECL, by Predrag N. Cvetkovic [Serbia]
- Art. 16 CISG–PECL, by Orkun Akseli [Turkey]
- Art. 17 CISG–PECL, by Cecilia Carrara [Italy] & Joachim A. Kuckenburg [Germany]
- Art. 18 CISG–PECL, by Cecilia Carrara [Italy] & Joachim A. Kuckenburg [Germany]
- Art. 19 CISG–PECL, by Pilar Perales Viscasillas [Spain]
- Art. 20 CISG–PECL, by John Felemegas [Australia]
- Art. 21 CISG–PECL, by John Felemegas [Australia]
- Art. 23 CISG–PECL, by Pilar Perales Viscasillas [Spain]
- Art. 25 CISG–PECL, by Hossam El-Saghir [Egypt]
- Art. 28/62 CISG–PECL, by Jarno J. Vanto [Finland]
- Art. 29 CISG–PECL, by Sieg Eiselen [South Africa]
- Art. 31/57 CISG–PECL, by Chengwei Liu [China]
- Art. 33/52(1) CISG–PECL, by Colin Ying [Australia]
- Arts. 45/61 CISG–PECL, by Chengwei Liu [China]
- Art. 46 CISG–PECL, by Jarno J. Vanto [Finland]
- Arts. 47/49(1)(b) CISG–PECL, by Bruno Zeller [Australia]
- Art. 48 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 49 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 50 CISG–PECL, by Jarno J. Vanto [Finland]
- Arts. 51/73 CISG–PECL, by Christopher Kee [Australia]
- Art. 55 CISG–PECL, by Andrea Vincze [Hungary]
- Art. 58 CISG–PECL, by John Felemegas [Australia]
- Arts. 63/64(1)(b) CISG–PECL, by Bruno Zeller [Australia]
- Art. 64 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 65 CISG–PECL, by Andrea L. Charters [U.S.A.]
- Arts. 71/72 CISG–PECL, by Sieg Eiselen [South Africa]
- Art. 74 CISG–PECL, by Philipp Höttler [Germany] & Friedrich Blasé [Germany]
- Art. 75 CISG–PECL, by Bojidara Borisova [Bulgaria]
- Art. 76 CISG–PECL, by Jonathan Yovel [Israel]
- Art. 77 CISG–PECL, by Bruno Zeller [Australia]
- Arts. 78/84(1) CISG–PECL, by Francesco G. Mazzotta [Italy]
- Art. 79 CISG–PECL, by Dionysios P. Flambouras [Greece]
- Art. 80 CISG–PECL, by Allison E. Butler [U.S.A.]
- Art. 81 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Art. 82 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Arts. 85, 86, 87, 88 CISG–PECL, by Francesco G. Mazzotta [Italy]
- Index
Summary
INTRODUCTION
The main goal of this chapter is to establish whether the Principles of European Contract Law (PECL) may be of assistance in construing the meaning of Article 78 of the United Convention on Contracts for the International Sale of Goods (CISG). I believe that the method for calculating interest rate as determined by the PECL may not be used under the CISG.
CISG ARTICLE 78
Background
It is well known that Article 78 is “more conspicuous for the questions it fails to answer than the questions it answers.” Because it was impossible to reach an agreement among the delegations at the Vienna Convention, the present version of Article 78 does not fix any rate of interest. It should be noted, however, that although considered as a “headless corpse,” Article 78 introduces a far-reaching principle of a general entitlement to interest, which is still rather important because it makes clear that a fixed interest rate (however, one not set by the Convention) must be applied to sums paid with delay (normativity feature) and that the entitlement to interest is not limited by grounds for release as provided for by CISG Article 79 (absoluteness feature).
Operation of CISG Article 78
Failure to pay the price or any other sum that is in arrears is the condition to be satisfied under Article 78. Failure refers to a failure to comply with the obligation to pay the price by a specific time, whether the time is set by contract or by the CISG (Article 58).
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