Convention on International Interests in Mobile Equipment Act, 2007 (Act No. 4 of 2007

Schedules

Purchase

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.