The Sharjah Court has ordered a company to refund Dh63.8 million after finding that it breached a contract to supply 41,000 metric tonnes of liquefied petroleum gas (LPG), failing to deliver the shipment within the agreed deadline or provide the required shipping documents.
The court cancelled the sales contract and ordered the company to pay Dh63,819,327.81, representing payments it had received towards the purchase price, along with 5 per cent interest from the date the lawsuit was filed until full settlement.
The dispute arose from a contract under which the defendant agreed to supply 41,000 metric tonnes of LPG to the claimant for Dh112,214,155.63.
The agreement stipulated that the purchase price would be paid in instalments, including advance payments, further payments upon receipt of the bills of lading in the UAE, and a final instalment upon delivery of the goods at the port of delivery.
However, the defendant failed to deliver the goods within the agreed timeframe and did not provide the shipping…