• Chapter II Chapter II Constitution of an international interest

    • Article 7 — Formal requirements

      An interest is constituted as an international interest under this Convention where the agreement creating or providing for the interest:

      (a) is in writing;
      (b) relates to an object of which the chargor, conditional seller or lessor has power to dispose;
      (c) enables the object to be identified in conformity with the Protocol; and
      (d) in the case of a security agreement, enables the secured obligations to be determined, but without the need to state a sum or maximum sum secured.