IFICC 877/B/2016
Type
Case
Court
Iraq First Instance Commercial Court
Jurisdiction
Iraq
Taxonomy
Sale of Goods, Remedies, General Contract Law
Copyright
LexisNexis
Decision date
10 Apr 2017
Catchwords
Contract – Sale of Goods – Executing Government Contracts – Letter of Credit – Remedies
This case involved a contract to supply cooking oil where there had been a delay in issuing the letter of credit. A key point was that guidelines for executing government contracts had not been followed.
Background
A Lebanese food company filed a case before the First Instance Commercial Court against a General Company Trading in Food Materials claiming that the two had signed a contract to provide the latter with cooking oil worth 10,750,000 USD but the general company had violated the contract and delayed the letter of a credit despite warnings therefore the Lebanese company had filed the claim to revoke the contract and request the general company to pay costs and lawyers' fees.