The Cape Town Convention And Aircraft Protocol

The Convention on International Interests in Mobile Equipment ("Convention"), commonly referred to as the Cape Town Convention, is an international treaty intended to standardise transactions involving movable property. The Convention creates international standards for registration of contracts of sale, security interests and leases and provides legal remedies for default in financing agreements, including repossession and the effect of bankruptcy/insolvency laws. There are three protocols to the Convention which are specific to three types of movable equipment – aircraft equipment, railway equipment and space assets.

The Convention and its supporting Protocols have five basic objectives: