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Trade Usages and Implied Terms in the Age of Arbitration$
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Fabien Gélinas

Print publication date: 2016

Print ISBN-13: 9780199916016

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780199916016.001.0001

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Trade Usages in ICC Arbitration

Trade Usages in ICC Arbitration

Chapter:
(p.211) Chapter 9 Trade Usages in ICC Arbitration
Source:
Trade Usages and Implied Terms in the Age of Arbitration
Author(s):

Emmanuel Jolivet

Giacomo Marchisio

Fabien Gélinas

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199916016.003.0010

In this chapter’s analysis of ICC arbitral awards, two different interpretations of usages can be observed—on the one hand, the strict notion of a trade usage as a repeated practice; on the other, a broad notion of usage as encompassing both traditional trade usages and general principles of the law, distilled through the comparison of various legal systems. Noting the ability of usages to adapt quickly to societal changes, the chapter concludes that these two interpretations of usages seem to serve two different purposes: the restrictive interpretation serves to establish the meaning and content of the parties’ contract, while the broad interpretation ensures that the governing law is applied in a way that takes account of the international context in which the contract was made. Both interpretations contribute to a conception of usages as a set of general rules for international arbitration.

Keywords:   usages, ICC, international arbitration, scope of usage, general principles of law, flexibility

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