The UCP as a Choice of Non-State Law in International Commercial Contracts
DOI:
https://doi.org/10.17159/1727-3781/2022/v25i0a14579Keywords:
Hague Principles on Choice of Law in International Commercial Contracts, non-state law, choice of law, Uniform Customs and Practice for Documentary Credits, governing law of the agreement, private international lawAbstract
The article analyses the UCP as a form of non-State law. It demonstrates that in some courts the UCP may inadvertently be applied as the governing law of the agreement instead of as contractual terms. The article proceeds to analyse the UCP against article 3 of the Hague Principles on Choice of Law in International Commercial Contracts as well as along a set of criteria, developed by the author, that endeavours to provide certainty in the choice of non-State law. On the basis of the application of the above criteria the article comes to the conclusion that the UCP would be suitable as a choice of governing law of the agreement.
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Copyright (c) 2022 Faadhil Adams
This work is licensed under a Creative Commons Attribution 4.0 International License.
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