9.14 Application of General Rules and Rules

a. Each Contract shall be subject to the Rules. Each Contract shall also be subject to the Relevant Clearing House Rules. The Relevant Clearing House Rules shall prevail in the event of any inconsistency between the Relevant Clearing House Rules and the Contract Rules. The Relevant Clearing House Rules provide that the Relevant Clearing House is a party as principal to each Contract, whether as Buyer or Seller and that its counterparty is the relevant Clearing Member of the Relevant Clearing House as principal. The Contract Rules and Administration Procedures made under them shall be construed accordingly and, in particular, references to “buyer” and “seller” shall include the Relevant Clearing House unless the context otherwise requires.

b. The provisions of neither the Convention relating to a Uniform Law on the International Sale of Goods, of 1964, nor the United Nations Convention on Contracts for the International Sale of Goods, of 1980, shall apply to Contracts.

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