Case Summary
A domestic exporter in China signed a sales contract with a Southeast Asian buyer for a shipment of machinery under CIF terms, totaling 120 USD. After the goods were shipped on schedule and accepted by the buyer, the buyer refused to pay, claiming non-conforming quality but failed to provide valid inspection reports. Despite multiple collection efforts yielding no results, the exporter initiated international arbitration pursuant to the ICC arbitration clause in the contract.
Key Dispute
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Case Strategy
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Processing Result
The arbitral tribunal ruled that the buyer committed a fundamental breach and must pay the full amount of USD 120 million plus overdue interest of USD 8.6 million, as well as arbitration costs. After the award was issued, the buyer voluntarily fulfilled its payment obligations, enabling the exporting enterprise to recover all losses.