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- obligation to pay the price includes taking [enabling] steps.The Convention extends the buyer's obligation to pay the price beyond the traditional handing over to the seller of an amount of money corresponding to the price. According to Article 54 the buyer's obligation includes taking such steps and complying with such formalities as may be required under the contract or any laws and regulations to enable payment to be made. The provision provides that the buyer must bear the costs for these measures. In addition, it follows from the provision that the seller may resort to remedies for breach of contract by the buyer if such steps are not taken and formalities complied with in time. The provision clearly covers an obligation under the contract to procure securities for payment such as letters of credit or guarantees. The buyer may thus be under an obligation to enter into the necessary contracts with a bank. If he does not, this amounts to a breach of the obligation to pay the price, and not only to an anticipatory breach of that obligation. He may also be under an obligation to seek governmental authorisation to transfer the amount abroad. Presumably lack of success in this respect does not amount to a breach of contract if he has taken all necessary measures to obtain authorisation. Here Article 79 on exemptions may come into the picture." Lief Sevón, Obligations of the Buyer under the Vienna Convention on the International Sale of Goods (1990) at 332.
- formalities as may be required by any laws and regulations. "[CISG] Article 54 refers to formalities as may be required by 'any laws and regulations'. That raises the question: which legal system is decisive as regards such laws and regulations? It would be possible to answer the question by applying conflicts rules. That view also received support from a number of authors in regard to the similar rule in Article 69 ULIS. However, von Caemmerer correctly argued to the contrary, taking the view that conflicts rules should not be applied in such a case. He argued that, instead, Article 69 ULIS applied directly to the foreign-exchange rules which had actually to be observed in order to achieve payment. That interpretation is valid also for Article 54 CISG, because it is the only one which ensures smooth payment transaction." Hager, in: Peter Schlechtriem ed., Commentary on the UN Convention on the International Sale of Goods, Oxford (1998) 457 [citations omitted]