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 Article #  

  If a party fails to pay the price or any other sum that is in arrears, the other party is entitled to interest on it, without prejudice to any claim for damages recoverable under article 74.


Issues       
# Cases
 1 Right to interest
18
  1.1 In case of late payment of price
87
  1.2 In case of other sums in arrears
25
 2 Applicable interest rate
5
  2.1 Determined by domestic law of creditor's State
19
   2.1.1 Recourse to statutory rate of interest
25
   2.1.2 Recourse to average bank lending rate of interest
11
  2.2 Determined by domestic law of debtor's State
7
  2.3 Determined by domestic law governing the contract in the absence of CISG
Country # Cases  
Arbitral Award 5  
Belgium 5  
Finland 1  
France 2  
Germany 38  
Italy 2  
Date Court
11.12.1998 Corte di Appello di Milano
29.12.1999 Tribunale di Pavia
Netherlands 5  
Russian Federation 2  
Spain 2  
Switzerland 29  
USA 1  
Poland 1  
Slovakia 1  
Croatia 2  
Slovenia 1  
97
  2.4 Determined by domestic law of place of payment
4
  2.5 Interest rate currently used with respect to currency of account
16
 3 Interest accrual
38
 4 Other claims for damages according to Art. 74
23
  4.1 Consideration not required
Total: 213


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