The Agreement on International Goods Transport by Rail was signed in 1951 to facilitate the movement of goods across borders by rail. This agreement, commonly referred to as the CIM, is an international treaty that outlines the rules and regulations governing rail transport of goods between countries that are signatories to the agreement.

One of the primary objectives of the CIM is to simplify and standardize the movement of goods by rail. This agreement sets out a uniform set of rules for the transport of goods, including the necessary documentation, packaging, labeling, and marking requirements. By doing so, the CIM aims to reduce administrative burden and increase efficiency in cross-border trade.

Another critical aspect of the CIM is the establishment of liability regimes. This agreement provides clear rules on the allocation of responsibility in case of damage, loss, or theft of goods during transport. The CIM also sets strict time limits for the filing of claims regarding such incidents, ensuring prompt resolution of disputes.

In addition to simplifying transport and establishing liability regimes, the CIM also promotes cooperation between signatory countries to ensure the safety and security of goods transported by rail. This includes the establishment of procedures for the inspection and approval of rail infrastructure, as well as the designation of competent authorities responsible for the enforcement of the CIM`s provisions.

The CIM has been an essential tool in the international trade industry for over 70 years, facilitating the movement of goods between countries and creating a predictable and reliable framework for cross-border rail transport. Currently, 51 countries are signatories to the CIM, covering a vast network of rail infrastructure across Europe, Asia, and beyond.

In conclusion, the Agreement on International Goods Transport by Rail signed in 1951 aims to simplify, harmonize, and standardize the movement of goods by rail across international borders. The CIM plays a crucial role in promoting cooperation between signatory countries and ensuring the safety and security of goods transported by rail. As such, it remains an essential tool for the international trade industry, facilitating cross-border trade and creating a predictable and reliable framework for rail transport.