Welcome to Paction

Paction is a web based application which allows a buyer and a seller to prepare, negotiate and complete contracts for the international sale and purchase of goods, online. The contracts produced by the application are based on the International Chamber of Commerce's model international sale contract, which provides a clear and concise set of conditions, balancing the interests of buyers and sellers.

The application was conceived and developed by Allagraf Limited. It has been built in order to provide easy access not just to the ICC's standard terms of contract, developed over the years from input provided by the world's leading experts on international trade law, but also to offer help, advice and further reading related to those terms of contract.

Another advantage of the application is that the contract text produced by the application is concise, delivering only the clauses relevant to the transaction being contemplated, rather than the general set of conditions, which of course have to provide for all possible situations. In other words, you get a tailor-made contract.

The application has been designed with the smaller trader, perhaps new to international trade, in mind. For them, the extensive on-line help available within the application is of particular interest. But larger companies and already experienced international traders can also benefit from the application. Of course they can access the help facilities if they need to, but they can also use shortcuts through the application to arrive at the desired outcome as quickly as possible.

Other benefits of the application include:

• the security of ICC approved and designed contracts
• convenience of making standard terms available to trading partners over the Web, rather than by paper communications
• tracking of contract revisions using time and date stamping
• ability to sign contracts online, using a digital ID
• secure storage of contracts