CIETAC arbitration proceeding (Copper cable case) of 15 May 1995

Form III

 

No. Contract/receipt

Weight on receipt (ton)

Actual weight (ton)

Plus/minus (ton)

Content of copper under contract (actual weight content of copper) (ton)

Actual content

of copper (ton)

Lack of copper (content in contract – actual content) (ton)

Lack of goods (lack of copper÷60%) (ton)

Compensation (dollar)

004

192.567

191.124

-1.436

114.6744

104.3172

10.3572

17.362

(17.262+1.463)×1170=21908.25

Deducting the 15% of payment that the [Buyer] did not pay to the [Seller], i.e. weight on receipt×1200×15% = 76707.324.

The [Seller] owned the [Buyer] US $42,812.08.

013 43047

103.673

103.282

-0.391

61.9692

46.9623

15.0096

25.0115

(25.0115+0.391)×1200=30483.00

43274

107.270

109.315

+2.045

65.589

54.3951

11.1939

18.6565

(18.6565-2.045)×1200=19933.80

00151-00169

118.988

118.399

-0.589

50.4380

71.0394

20.6014

34.3356

(34.3356+0.589)×1200=40495.92

00190

90.129

88.16

-1.969

52.896

41.5234

11.3726

18.9543

(18.9543+1.969)×1200=25107.96

01021

6.0918

6.048

-0.0438

3.6288

1.9057

1.7231

2.8718

(2.8718+0.0438)×1200=3498.72

017 92-01088

138.285

130

-8.285

78

39.4160

38.5840

64.3066

(64.3066+8.285)×1250=90739.50

Deducting the 15% of payment that the [Buyer] did not pay to the [Seller] plus the unpaid amount for 3.8256 tons of goods, i.e. weight on receipt×1250×15% + 3.8156×1250 = 35,423.99.

The [Seller] owned the [Buyer] US $64,551.89.

92-00826

4.0345

3.965

-0.0695

2.379

1.7642

016166

1.0276

(1.0276+0.0695)×1250=1371.375

92-00822

92-60909

7.8094

7.414

-0.3954

4.4484

3.5335

0.9149

1.5248

(1.5248+0.3954)×1250=2400.25

9201013

-01104

3.8094

3.638

-0.1776

2.1828

1.4734

0.7094

1.1823

(1.1823+0.1776)×1250=1699.875

A302-2830

1.0473

1.041

-0.0063

0.6246

0.4435

0.1811

0.3018

(0.3018+0.0063)×1250=385.125

APR

302-8895

8.505

8.482

-0.023

5.103

3.4945

1.6085

2.6808

(2.6808+0.023)×1250=3379.75