Working Towards a New Set of Global Rules for Certain Satellite-Related Commercial Transactions in the Tradition of the Incoterms® Rules

Abstract

Due to the lack of a unitary and concise private contractual practice related to satellite data and imagery, some academics favour a remote sensing convention as the lack of regulation and system controls creates ambiguities and adaptation problems. In this article, the author suggests to the scientific community the creation of a legal base and a contractual paradigm, leading to the establishment of a new set of satellite and individual trade-related terms. Such terms would be applied uniformly to the satellite data and imagery of online transactions. A practical, fast and effective method would allow parties to close online transactions in a more legally secure manner, at least theoretically.