whenever thespecial interests ofacountry donotrequire different solutions. TheCommittee isscheduled tomeetinJuly1990whenitshould complete itsworkonthetextofthemodelprovisions (WIPOReportof Activities oftheInternational Bureau1989). C.UNIDROIT: international protection ofcultural property 69.TheUNIDROIT studygroupontheinternational protection ofcultural property atitsthirdsession, heldinRomefrom22to26January 1990, approved thetextofadraftUNIDROIT Convention onStolenorIllegally Exported Cultural Objects. ThedraftConvention whichconsists ofeleven articles willbeconsidered bytheGoverning Council atits69thsession in April1990. VII.INTERNATIONAL PAYMENTS A.UNCITRAL: UnitedNations Convention onInternational Bills ofExchange andInternational Promissory Notes 70.TheUnitedNations Convention onInternational BillsofExchange and International Promissory Notesadopted bytheGeneral Assembly on 9December 1988 by resolution 43/165hasbeenprepared initsdefinitive formandis available forsignature, ratification, acceptance, approval andaccession. TheConvention isopenforsignature until30June1990. B.Guarantees andstand-by letters ofcredit 1.ICC:guarantees 71.AWorking Partysetup bytheICCcontinued in1989todraftrulesto coverallformsofguarantees. Atthefirsttwomeetings theWorking Party worked onthebasisofearlier ICCrulesonthissubject andon a Code of Practice presented bytheBritish Bankers Association (BBA)onDemand Guarantees andBonds. Thedraftunderpreparation istocoveralltypesof guarantees issuedbybanks,financial institutions andinsurers. Itisaimed attheneedsofprincipals, beneficiaries andissuing institutions alike. In December 1989theICCheldasymposium inParison "Demand Guarantees". The Seminar addressed avariety ofissues, namely onthelegalrelationship between theparties, theaimsoftheprincipal, theaimsofthebeneficiary, theguarantor's roleandwhether aguarantee canreallybeindependent ofthe underlying contract.A/CN.9/336 English Page28 2.UNCITRAL: guarantees andstand-by letters ofcredit 72.TheCommission, atitstwenty-second session in1989,accepted the recommendation ofitsWorking GrouponInternational Contract Practices that workon auniform lawonguarantees andstand-by letters ofcreditbe undertaken andentrusted thattasktotheWorking Group. TheWorking Group's thirteenth session washeldfrom 8to18January 1990.Itcommenced itswork byconsidering possible issuesofauniform lawasdiscussed inthenoteby theSecretariat (A/CN.9/WG.II/WP.65). TheWorking Groupfurther engaged ina preliminary exchange ofviewsonfurther possible issuestobecovered bythe uniform law(A/CN.9/330). C.UNCITRAL: Model Law on International CreditTransfers 73.TheCommission decided, atitsnineteenth session in1986,tobeginthe preparation ofmodelrulesonelectronic fundstransfers andtoentrust that tasktotheWorking Group on International Negotiable Instruments, whichit ~ renamed theWorking Group on International Payments. TheWorking Groupheld itsnineteenth session from10to21July1989anditstwentieth session from 27 November to8December 1989,atwhichitcontinued itsconsideration ofthe draftmodellaw(A/CN.9/328 andA/CN.9/329). ThetextofthedraftModelLaw beforetheWorking Group was thatsetoutinthereportofthenineteenth session oftheWorking Group(A/CN.9/328, annex) andreproduced withcomments inA/CN.9/WG.IV/WP.44. D. ICC: interbank fundtransfers 74.The ICC Working PartyonInternational Interbank FundTransfers continued throughout 1989tofinalise itsdraftcontaining Guidelines tobanksfor interbank transfer instructions. TheGuidelines areintended fordeveloping countries whichpredominantly havenotransfer systems oftheirown. They constitute thefirststeptoenablesuchcountries, without thenecessary systems forharmonised interbank transfers andcompensation procedures inthe
**Analysis**
The text appears to be discussing international agreements, conventions, and guidelines related to trade, commerce, and financial transactions. It mentions the United Nations, the International Chamber of Commerce (ICC), and the United Nations Commission on International Trade Law (UNCITRAL), which suggests a focus on international economic cooperation and trade law.

**Category**
International trade, Industry