Lloyd's Maritime and Commercial Law Quarterly
CONVENTION ON THE LIMITATION PERIOD IN THE INTERNATIONAL SALE OF GOODS*
Preamble
The States Parties to the present Convention,
Considering that international trade is an important factor in the promotion of friendly relations amongst States,
Believing that the adoption of uniform rules governing the limitation period in the international sale of goods would facilitate the development of world trade,
Have agreed as follows:
PART I. SUBSTANTIVE PROVISIONS
Sphere of application
Article 1
1. This Convention shall determine when claims of a buyer and a seller against each other arising from a contract of international sale of goods or relating to its breach, termination or invalidity can no longer be exercised by reason of the expiration of a period of time. Such period of time is hereinafter referred to as “the limitation period”.
2. This Convention shall not affect a particular time-limit within which one party is required, as a condition for the acquisition or exercise of his claim, to give notice to the other party or perform any act other than the institution of legal proceedings.
3. In this Convention:
(a) “buyer”, “seller” and “party” mean persons who buy or sell, or agree to buy or sell, goods, and the successors to and assigns of their rights or obligations under the contract of sale;
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