This work focuses on the products and processes of the harmonisation of the law relating to international commercial transactions. After examining the nature and sources of transnational commercial law, the institutions involved and aspects of the conflict of laws, international law and comparative law, the book examines key features of a range of international instruments(international conventions, model laws, contractually incorporated institutional rules and scholarly restatements) relating to different types of cross-border commercial transaction. It concludes with chapters on transnational insolvency, international dispute resolution and recurrent issues of harmonisation. The issues are illustrated with extracts from the work of leading scholars, past and present, and from judicial decisions. This edition has been revised and incorporates four additional chapters dealing with regional harmonisation, carriage of goods by sea, transactions in securities and the relationship between international conventions and national law, including complex issues of treaty implementation. Other chapters deal with international sales, agency, documentary credits and demand guarantees, financial leasing, receivables financing and international interests in mobile equipment (aircraft objects, railway rolling stock, and space assets).