Convention on International Interests in Mobile Equipment

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: Cape Town, South Africa
  4. Depositary:
  5. Date of entry into force: 01/04/2004

Category

Finance, payments and insolvency

Sub category

International guarantees

Groups

UNIDROIT

What is it about?

The Convention provides an international legal regime for the creation, perfection and priority of security, title retention and leasing interests in aircraft equipment, railway rolling stock and space assets, which will be underpinned by an International Registry. It has been estimated that such a regime could save very large sums of money annually in financing charges and open up to developing countries access to finance at reasonable cost.

Why is it relevant?

Prior to this Convention, interests in mobile equipment of high unit value regularly crossing national boundaries were exposed to risk and uncertainty created by differences in national laws governing security and related interests. This Convention removes some of this uncertainty, and encourages trade with developing countries.

Additional Information

A Protocol specifically addressing questions related to aircraft equipment was adopted in 2001. There is also an official commentary.

  • Protocol to the Convention on International Interests in Mobile Equipment in Matters Specific to Aircraft Equipment (Cape Town, 16 November 2001)
  • Official commentary on the Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters Specific to Aircraft Equipment, by Professor Sir Roy Goode (2002).

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Country ratifications
CountryRatification date
Afghanistan25/07/2006
Albania30/10/2007
Angola30/04/2006
Australia26/05/2015
Bahrain27/11/2012
Bangladesh15/12/2008
Belarus28/06/2011
Bhutan04/07/2014
Brazil30/11/2011
Burkina Faso12/12/2014
Cameroon19/04/2011
Canada21/12/2012
Cape Verde26/09/2007
China03/02/2009
Colombia19/02/2007
Congo25/01/2013
Costa Rica26/08/2011
Cote d'Ivoire09/02/2015
Cuba28/01/2009
Denmark26/10/2015
Egypt10/12/2014
Ethiopia21/11/2003
Fiji06/09/2011
Gabon16/04/2010
India21/03/2008
Indonesia16/03/2007
Ireland29/07/2005
Jordan31/08/2010
Kazakhstan21/01/2009
Kenya13/10/2006
Kuwait30/10/2013
Latvia08/02/2011
Luxembourg27/06/2008
Madagascar10/04/2013
Malawi16/01/2014
Malaysia02/11/2005
Malta01/10/2010
Mexico31/07/2007
Moldova26/06/2015
Mongolia19/10/2006
Mozambique30/10/2012
Myanmar03/12/2012
Netherlands17/05/2010
New Zealand20/07/2010
Nigeria16/12/2003
Norway20/12/2010
Oman21/03/2005
Pakistan22/01/2004
Panama28/07/2003
Russian Federation25/05/2011
Rwanda28/01/2010
San Marino09/09/2014
Saudi Arabia27/06/2008
Senegal09/01/2006
Seychelles13/09/2010
Singapore28/01/2009
South Africa18/01/2007
Spain28/06/2013
Sweden30/12/2015
Syrian Arab Republic07/08/2007
Tajikistan31/05/2011
Togo25/01/2010
Turkey23/08/2011
Ukraine31/07/2012
United Arab Emirates29/04/2008
United Kingdom27/07/2015
United Republic of Tanzania30/01/2009
United States of America28/10/2004
Viet Nam17/09/2014
Zimbabwe13/05/2008
Treaties analysis
YearRatifications
20033
20042
20053
20065
20077
20086
20097
20109
20119
20125
20134
20146
20157
Total73
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