Usance

A usance (Fr., custom ' [ yzɑs ]; German and [u ː ' zɑs ], normal practice [u ː ' zanʦ ] ) is a common practice in trade between businessmen in a legally defined area (eg Austria ) and or or in a particular industry (eg, timber trade ) is applied.

Function in business

Practices have been especially developed without a legal basis from the handling of merchants from the settlement of consignment shops and shall in particular deadlines for delivery and payment, or even a certain minimum quality of the contract items fixed, ie they have a complementary and an interpretive ( interpretative ) function. In incomplete purchase contracts they complete the missing clauses; for ambiguous contract provisions, they provide general design rules dar. Certain terms are defined in the Incoterms published by the International Chamber of Commerce, Paris. Your application can be agreed most binding at consignment shops.

Examples

Practices are compiled mostly from a common -interest by industry associations and managed. In the international grain trade, the practices of the Grain and Feed Trade Association, for example, used primarily in trade with oilseeds, which also entstamme deriving from the English jurisdiction rules of the Federation of Oils, Seeds and Fats Associations. In the German trade will outweigh both for cereals and oilseeds for the unit conditions in the German grain trade, while in Switzerland are the practices of Swiss Corn Exchange in Lucerne, and in Austria, the practices of the market for agricultural products in Vienna.