The Relevant Facts. Sellers sell + Buyers buy 15,000 mts of Cottonseed Expellers at USD300 per metric ton (pmt) for shipment March/April 2021 CIF Rotterdam.
TO INTERVENE OR NOT TO INTERVENE
The issue – Have Sellers jumped the gun + placed Buyers in default before a default has occurred.
You consult with your Wingers. Sellers’ appointed arbitrator argues that your action is favouring Buyers…
Where are we? First, the Tribunal has invited the parties to comment on Sellers’ assertion that Buyers were in breach on 2 March 2021.
A reader asks “what happens if Sellers do not take the bait. If they fail to respond or, perhaps, do so and maintain their previous position.”