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CISG-online number
7408
Case name
Suzhou Kunyuan Optoelectronics Co., Ltd. v. Capital Asset Exchange and Trading, LLC
Arbitral Tribunal
China International Economic & Trade Arbitration Commission (CIETAC)
Seat of the arbitration
Shanghai (China)
Arbitrators
Leiming Sheng (Presiding arbitrator (Chairperson)), Liping Tong (Co-arbitrator), Sicong Deng (Co-arbitrator)
Date of decision
01 November 2024
Case nr./docket nr.
[2024] CIETAC Jing Arbitration Case No. 2929
Claimant 1
Name
Suzhou Kunyuan Optoelectronics Co., Ltd.
Place of business
China
Role in transaction
Buyer
Respondent 1
Name
Capital Asset Exchange and Trading, LLC
Place of business
USA
Role in transaction
Seller
Seller 1
Name
Capital Asset Exchange and Trading, LLC
Place of business
USA
Buyer 1
Name
Suzhou Kunyuan Optoelectronics Co., Ltd.
Place of business
China
Category of goods
72: Machinery specialized for particular industries
Goods as per contract
VARIAN/VEECO GEN2000 MBE System
Price
800'000.00 USD (U.S. Dollar)
CISG applicable
yes, Art. 1(1)(a)
CISG applied
yes
(Domestic) law applied in addition
Chinese law
Key CISG provisions interpreted and applied
Art. 26; Art. 49(1)(a)
Key CISG provisions applied
Art. 81(2); Art. 84(1)
CISG provisions also cited
Art. 1(1)(a); Art. 4; Art. 47(1); Art. 49(1)(b); Art. 81(1)
Relevant CISG provisions not cited
Art. 6; Art. 25
Non-provision-specific issues addressed
Parties’ duties regarding export clearance formalities
Full text and translation of decision 2
Full text of decision
Original language: Chinese
Translation of decision
Language: English