BWG v BWF
[2020] SGCA 36 |
Decision Date: 16 Apr 2020 |
CA/CA 12/2019
court must be wary not to engage in the merits of the parties’ dispute, as the court is not the proper forum to adjudicate the dispute between the parties which is subject to arbitration (VTB Bank at [100]). 2 In transactions involving the sale of commodities, back-to-back contracts or a string of contracts are commonplace. Quite often, the physical supplier or the original seller might not know the identity of the ultimate receiver or buyer. Between these two parties there would typically be a chain of intermediaries whose sole
the cargo. Based on the timelines under the respective contracts, X was to pay the respondent before the respondent was due to pay the appellant, though the respondent was supposed to receive the cargo from the appellant before it was delivered to X. As an intermediary, the respondent stood to gain a modest sum of US$8,000.
2 Under the respondent-X contract, X was due to pay the respondent by 10 July 2018, but failed to do so. The respondent in turn failed to pay the appellant by 11 July 2018, as required under the appellant-respondent contract. Prior to the non-payment, there were