Blackwell Reference Online

Extract

The expansion of world trade brought about many problems associated with transportation contract interpretation, rights and responsibilities of parties to import/export contracts, and ever‐changing rules associated with trade between various countries. Individual countries began to implement regulations and make interpretations concerning responsibilities of parties to trade contracts. The proliferation of rulings led to even more confusion. In 1966 the United Nations established a permanent commission dedicated to the eventual harmonization of international trade law. The commission acts as a coordinating body between various country efforts to establish trade law, as well as developing wording for and enforcing conventions (agreements) sponsored by the United Nations. Through the work of the commission, great strides have been made in unifying international trade law and practice. ... log in or subscribe to read full text