text: English Page4 B.Language 10. Thecontracts constituting thecountertrade transaction (i.e.,the countertrade agreement andtheindividual supplycontracts) mayallbedrawn. upinonlyonelanguage version (whichmay,butneednotbe,thelanguage of eitheroftheparties), orinthetwolanguages oftheparties wherethose languages differ, orthecountertrade agreement may be drawn. up inone language andthesupplycontracts inanother language. Wheretheconclusion ofthecountertrade agreement precedes theconclusion ofthesupplycontracts inthetwodirections (chapter III,"Contracting approach", paragraph 19),or whereitprecedes theconclusion ofthecounter-export contract (chapter Ill, paragraphs 12to18),itisadvisable thatthecountertrade agreement specify thelanguage ofthecontracts. Thespecification ofthelanguage beforethe commencement ofnegotiations on asupplycontract mayfacilitate preparations oftheparties forthenegotiations andavoidadisagreement. 11. Drawing up acontract inonlyonelanguage version willreduce conflicts ofinterpretation inregardtoitsprovisions. Drawing upallthe contracts constituting thecountertrade transaction inthesamelanguage will reduceconflicts between twocontracts ofrelated content. Ontheotherhand, eachpartymayunderstand itsrightsandobligations moreeasilyifone version ofthecontract isinitslanguage. Inaddition, whereextensive or complex working instructions topersonnel ofoneorbothparties arederived directly fromthecontract, itmay beofparticular importance thatthe contract isinthelanguage inwhichtheinstructions aretobegiven.If onlyonelanguage istobeused,theparties maywishtotakethefollowing factors intoaccount inchoosing thatlanguage: thatitisadvisable forthe language chosentobeunderstood bytheseniorpersonnel ofeachpartywho willbeimplementing thecontract; thatitmightbeadvisable forthecontract tobeinalanguage commonly usedininternational commerce; thatthe settlement ofdisputes islikelytobefacilitated ifthelanguage chosenis thelanguage inwhichproceedings wouldbeconducted orifthelanguage chosen isthelanguage oroneofthelanguages ofthecountry oftheapplicable law. 12.Iftheparties donotdrawupthecontracts inasinglelanguage version, itisadvisable tospecify inthecontracts whichlanguage version is toprevail intheeventofaconflict between thetwoversions. Forexample, ifthenegotiations wereconducted inoneofthelanguages, theparties may wishtoprovide thattheversion inthelanguage ofthenegotiations isto prevail. Aprovision thatoneofthelanguage versions istoprevail might inducebothparties toclarify asfaraspossible theprevailing language version. Theparties maywishonelanguage version toprevail inrespect of certain segments ofthetransaction orinrespect ofcertain contract documents (e.g.countertrade agreement ortechnical documents related tothe countertrade agreement orasupplycontract) andanother language version in respect oftheremainder ofthecontracts ordocuments. Wheretheparties provide thatbothlanguage versions aretohaveequalstatus, theparties shouldattempt toprovide guidelines forthesettlement ofaconflict between thetwolanguage versions. Theparties mayprovide, forexample, thatthe agreement istobeinterpreted according topractices thattheparties have established between themselves andusagesregularly observed ininternational tradewithrespect totheagreement inquestion. Theparties mayalsowishto provide thatwhereatermofthecontract inonelanguage versionisunclear, thecorresponding termintheotherlanguage version maybeusedtoclarify thatterm.•A/CN.9/332/Add.3 English Page5 C.Parties totransaction 13. Where a contract involved inthetransaction (thecountertrade agreement orasupplycontract) consists ofseveral documents, theparties may wishtoidentify anddescribe themselves inaprincipal document designed to comefirstinlogical sequence amongthedocuments thatincorporate that
analysis: The text appears to be discussing the technical aspects of international trade, specifically the drafting and negotiation of contracts between parties involved in a countertrade transaction. The language used is formal and technical, suggesting that the text is intended for experts in the field of international trade.