Convention on interstate leasing

of November 25, 1998

The State Parties of this Convention on behalf of the governments which are hereinafter referred to as the Party

being guided by provisions of the Agreement on creation of Economic union of September 24, 1993 within obligations of the Parties,

in development of interstate acts in the field of investing activities,

proceeding from provisions of the Convention YuNIDRUA on the international finance lease (leasing) of May 28, 1988, the universally international standards and bases of the national legal system of the Parties,

promoting every possible deepening of economic cooperation of the states of the Commonwealth,

aiming to provide favorable conditions for all-round development of interstate leasing between the states of the Commonwealth on mutually advantageous basis,

supporting aspiration to mutually beneficial cooperation of subjects of economic activity of the states of the Commonwealth in the conditions of market economy,

agreed as follows:

Section I General provisions and scope

Article 1 Main terms

In this Convention the terms below are used in the following value:

depreciation - transferring of cost gradually the wearing-out leasing subject on the cost of the developed products;

the corporeal right - rights of possession, uses and orders the property;

the guarantor (guarantor) - the state on behalf of its authorized bodies, physical person or legal entity which provides to subjects of interstate leasing of guarantee and bears complete financial or financial responsibility according to the assumed liabilities in case of approach of warranty case;

the agreement of leasing (the leasing contract) - the agreement between the lessor and the leasing recipient signed in writing directed to establishment, change or the termination of the civil laws and obligations in connection with leasing subject;

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