IDEAS home Printed from https://ideas.repec.org/a/asr/journl/v8y2018i1p103-113.html
   My bibliography  Save this article

Risky business: distribution of risk in contracts for international sales of goods

Author

Listed:
  • Bazil Oglinda

    (Romanian American University of Bucharest, Lawyer in Bucharest Bar Association, Oglinda&Partners)

  • Cristina Olariu

    (Lawyer in Bucharest Bar Association, Oglinda&Partners)

Abstract

Identifying the best legal and business solution, especially in the case of an international sale of goods contract can become a real challenge for the parties involved. In addition to CISG, which generally governs these type of contracts, choosing the Incoterms option which best suits the needs of the parties involved can represent the significant difference between a successful business or the appearance of disputes between the parties. Which are the options for the distribution of risks? What should the seller and the buyer pay special attention to? How does the CISG and Incoterms harmonize with the national legislation regulating the risk in the sale contract? Our objective in this paper is to present the scenarios and find possible solutions to all these issues.

Suggested Citation

  • Bazil Oglinda & Cristina Olariu, 2018. "Risky business: distribution of risk in contracts for international sales of goods," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 8(1), pages 103-113, March.
    • Handle: RePEc:asr:journl:v:8:y:2018:i:1:p:103-113
    as

    Download full text from publisher

    File URL: http://www.tribunajuridica.eu/arhiva/An8v1/8.%20Oglinda,%20Olariu.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    the risk in sale-purchase contracts; CISG; Incoterms; international sales of goods.;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asr:journl:v:8:y:2018:i:1:p:103-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin-Silviu Sararu (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.