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  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
97
  2.4 Determined by domestic law of place of payment
4
  2.5 Interest rate currently used with respect to currency of account
Country # Cases  
Arbitral Award 11  
Date Court
00.00.1992 ICC Court of Arbitration - Paris
00.00.1993 ICC Court of Arbitration - Paris
15.06.1994 Internationales Schiedsgericht der Bundeskammer der gewerblichen Wirtschaft - Wien (Vienna), Austria
15.06.1994 Internationales Schiedsgericht der Bundeskammer der gewerblichen Wirtschaft - Wien (Vienna), Austria
00.00.1995 ICC Court of Arbitration, Basel
17.11.1995 Hungarian Chamber of Commerce and Industry Court of Arbitration
05.12.1995 Hungarian Chamber of Commerce and Industry Court of Arbitration
00.00.1996 ICC Court of Arbitration - Zurich
00.12.1998 ICC Court of Arbitration - Milan
00.00.2003 ICC International Court of Arbitration
19.05.2004 International Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation
Austria 1  
China 1  
USA 1  
Belarus 2  
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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