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4 Int'l B.J. 97 (1973)
International News

handle is hein.barjournals/intbrjrnl0004 and id is 227 raw text is: NOVEMBER 1973 INTERNATIONAL NEWS UNITED NATIONS U.N. COMMISSION ON INTERNATIONAL TRADE LAW (UNCITRAL) The 6th Session of the UNCITRAL was held from April 2-13, 1973. The following is a summary of the Commission's work at this Session. The Working Group on the International Sale of Goods, which had held its 4th Session from Jan. 22 - Feb. 2, 1973, was asked to pursue and complete its work expeditiously. The Commission also decided to examine at its 1974 Session a proposal from the International Institute for the Unification of Private Law, transmitting the text of a draft of a law for the unification of certain rules relating to the validity of contracts of international sale of goods which invited the UNCITRAL to consider this draft. In this connection the U.N. General Assembly has decided that an international conference of plenipotentiaries be held in New York from June 17 - July 12, 1974 to consider the Draft Convention on Prescription (Limitation) in the International Sale of Goods. UNCITRAL had before it a Secretariat study on the feasibility of developing general condition of sale and standard contracts embracing a wide range of commodities. The Commission decided to continue its work on the preparation of a set of uniform conditions, in cooperation with various interested international bodies, and to establish, if necessary, a group of experts on the subject. With regard to international shipping legislation, revised international rules governing the liability of a shipowner in the event of loss or damage to goods transported by sea was the main subject considered by the Working Group on International Legislation on Shipping at its 4th and 5th Sessions in September, 1972 and February, 1973 respectively, This Working Group has been asked by UNCITRAL to continue its work. The Working Group on International Negotiable Instruments held its 1st Session in January 1973 when it studied a preliminary draft uniform law on international bills of exchange and international promissory notes, with commentary, prepared by the Secretariat in consultation with interested international organizations and banking and trade institutions. Similarly, this Working Group is to continue its work. The Commission had before it parts of three reports of a working party of the Commission on Banking Technique and Practice of the International Chamber of Commerce (ICC), setting forth proposed revisions to the Uniform Customs and Practice for Documentary Credits, originally drawn up in 1933 and revised in 1951 and 1962. The proposed revisions are to be communicated to governments and an analysis of the latter's observations prepared. The Commission also asked the ICC to submit progress reports on this subject and the revised text of the Uniform Customs prior to its final adoption by the ICC. The Commission had before it a Secretariat report which suggested, inter alia, that the UNCITRAL prepare a set of rules for optional use in ad hoc international commercial arbitration. The Commission accepted this proposal and a draft set of such rules is to be prepared, in consultation with various interested organizations, for consideration at the 1975 Session of the Commission. The U.N. General Assembly decided in November 1972 to ask the UNCITRAL to seek from governments and interested international organizations information relating to legal problems presented by the different kinds of multinational enterprises

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