ABSTRACT   

The study examines the right to non-performance under the cisg.it makes an overview of the concept.it reats the concept from the angle of common law, civil law and proceeds to elborate on the concept in the light of the cisg.The study reveals that strict appliacation of the concept would give rise to a number of challenges.it is recommended that buyers and sellers should only apply bthis right when circumstances call for.

 GENERAL INTRODUCTION

• INTRODUCTION

With the modern day increase in international trade and commerce, national commercial law has often proved inadequate to international business needs and the resolution of disputes involving international contracts.

As the needs of commerce have changed, so have the practices by which businessmen conduct their trade. Increased trade overseas has drawn attention to the problems that are caused by the different ways in which countries have chosen to regulate international sales. Businessmen have found that their contracts and dealings with foreign traders have been subject to different standards and usages.

• BACKGROUND TO THE STUDY

The last century has seen a huge change in the field of international trade. The development of the market economy, the growth of markets for manufactured goods and the opening up of new markets in raw products from developing countries has led to a boom in overseas trade. Newer and faster methods of communication have enabled traders to buy and sell goods at a distance more reliably, and modern technology has made it much easier to transport goods around the globe in shorter periods of time. It has become clear that in the modern world, it is no longer possible for a country to isolate itself from the international circulation of goods and persons. This growth in international trade has led to the re-emergence of the need for the harmonization of the services that facilitate overseas trade: global monetary mechanisms, cross-border transport possibilities, and universal rules and standards which allow traders the world over to conduct business on the same terms.

Against such a background, the legal community has tried to facilitate overseas trade through efforts to harmonize national laws by legislative or non-legislative means; thereby reducing the uncertainties and potential costs associated with transacting business under unfamiliar laws. Among such efforts, there is above all in this contribution the reference to the relevant rules of the United Nations Convention on Contracts for the International Sale of Goods(1980; hereinafter “CISG” or “Convention”). On the other hand, the need of general principles in international contract law, usage and custom of international trade and lex mercatoria has led to certain other unification actions in addition to the CISG. Since the CISG came into force in 1988, there have been other efforts to develop overall unifying principles covering the field of contract law. As these two Principles were introduced in 1994 and 1998 it is perhaps premature to consider these principles as a “generally accepted lex mercatoria”. However, these rules have potential to be generally accepted by the international trading community and thereby achieve a position to be regarded as lex mercatoria.