ABSTRACT

Art. 59 CISG clarifies that the buyer has to pay the price without the need for any notice or compliance with any other formality on behalf of the seller. The seller may have recourse to all the remedies provided under the Convention if the buyer is in default of any of its obligations to pay the price. Furthermore, the interest provided for under Art. 78 CISG begins to accrue as soon as the price becomes due. Art. 59 CISG, although it is often quoted in case law, does not raise any noteworthy difficulties.