text: IFILECOpyI UNITED NATIONSlhU..:NCf A'n> ,jd..OLOGT "'11i~r • .......r.turntoroom RAL GENERAL ASSEMBLYA/CN.9/332/Add.8 7June1990 ORIGINAL: ENGLISH UNITED NATIONS COMMISSION ONINTERNATIONAL TRADELAW Twenty-third session NewYork,25June-6July1990 INTERNATIONAL COUNTERTRADE Draftlegalguideondrawing upcontracts in international countertrade transactions: samplechapters* ReportoftheSecretary-General Addendum VII.FULFILMENT OFCOUNTERTRADE COMMITMENT Contents Paragraphs A.General remarks • • • • • • • • • • • • • • • B.Defining eligible supplycontracts • • • • • 1.Bytypeofgoods. . • • • •••• 2.Bygeographical origin••••••••••••••••• 3.Byidentity ofsupplier 4.Byidentity ofpurchaser • ••••• 5.Non-conforming purchases • • • • • • • • • C.Stagewhencountertrade commitment fulfilled D. Amount offulfilment credit••••••.•••••••••• E. Time periodforfulfilment ofcountertrade commitment •••• 1.Lengthoffulfilment period • • • • • ••••••• 2.Extension offulfilment period•••••••••••••••• 3.Subperiods withinfulfilment period••••••••••••• F.Monitoring andrecording fulfilment ofcountertrade commitment 1.Exchange ofinformation • • • • • • • • • •••• 2.Confirmation offulfilment ofcountertrade commitment •••• 3.Evidence accounts•••••••••••••••••••1 2-9 3-5 6 7 8 9 10-12 13-16 17-30 17-22 23-26 27-30 31-44 32-34 35-37 38-44 * Thetextcontained hereinisafirstdraftprepared bytheSecretariat forconsideration bytheCommission aspartofthepreparatory work on the draftlegalguideondrawing upcontracts· ininternational countertrade transactions andshouldnotberegarded asstating theviewsofthe Commission. 4803T V.90-85497A/CN.9/332/Add.8 English Page2 A.General remarks 1. Thecountertrade agreement shouldaddress several questions related tothefulfilment ofthecountertrade commitment. Onequestion concerns the typesofsupplycontracts thatareeligible tobecounted towards fulfilment (paragraphs 2to9below). Another question iswhether thecountertrade commitment isfulfilled atthemoment when theparties enterintoasupply contract oratsomesubsequent pointduringtheperformance ofthesupply contract (paragraphs 10to12below). Afurther question iswhether an amountequivalent tothepricepayable underasupplycontract, oragreater orlesseramount, istobesubtracted fromtheoutstanding countertrade commitment (paragraphs 13to16below). Yetanother question concerns the periodoftimeduringwhichthecountertrade commitment istobefulfilled (paragraphs 17to30below). Theparties mayalsowishtoestablish procedures formonitoring andrecording fulfilment (paragraphs 31to44 below). B.Defining eligible supplycontracts 2. Theparties normally definethesupplycontracts thatwillbecounted towards fulfilment ofthecountertrade commitment ("eligible supply contracts") byindicating inthecountertrade agreement thetypeofgoodsto bepurchased underthosefuturesupplycontracts. Insomecases,theparties include inthecountertrade agreement additional criteria relating tothe geographical originofthegoods,theidentity ofthesupplier, orthe identity ofthepurchaser. Whentheparties arenotinaposition to indicate thetypeofgoodsinthecountertrade agreement, someofthese criteria may beincluded forthepurpose ofdefining eligible supply
analysis: The text appears to be related to international trade, specifically to the topic of countertrade, which is a type of trade where goods or services are exchanged for other goods or services rather than for cash. The text discusses the legal aspects of countertrade, including the definition of eligible supply contracts, the fulfillment of countertrade commitments, and the monitoring and recording of fulfillment. The text also mentions the exchange of information, confirmation of fulfillment, and evidence accounts, indicating that it is focused on the contractual aspects of international trade.