Damages

• Author: Jack Michael Graves
• Pages: 137-147

The Quantication of Damages

The CISG provides for the basic expectation remedy and reects the general

principle of full compensation of losses caused by any contract breach. In

fact, much of the statutory language will appear remarkably familiar to a

U.S. lawyer. However, the language and its application under the CISG dif‑

fer from that of UCC Article 2 in a number of ways that, while sometimes

subtle, can be signicant in effect. As always, the CISG must be applied on

its own terms, irrespective of its apparent similarity to domestic law.

One Simple Basic Rule

An aggrieved party is entitled to recover a sum of money equivalent to the

loss of its contractual expectation, as long as such loss was caused by the

breach and was foreseeable.

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DAMAGES

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INTRNTL Graves CISG Final Press Pass.indd 137 5/6/13 9:36 AM