What are barter operations?

According to Articles 715 and 716 of the Civil Code of Ukraine, under a barter contract, each party undertakes to transfer ownership of its goods to the other party in exchange for another good. This means that each party to a barter contract is a seller and a buyer at the same time, performing a dual role in the joint exchange of goods.

In the determination of the mine agreement from Part 1 of Art. 293 of the Civil Code provides for the possibility of exchanging goods under the conditions of full economic management or operational management, but this applies to state and communal enterprises.

The general provisions on the purchase and sale, the provisions on the supply contract, the contracting agreement or other agreements, the elements of which are contained in the mine contract, are applied to the mine agreement, if this does not contradict the essence of the obligation (Part 1 of Article 716 of the CCU, Part 5 of Article 293 of the Civil Code).