Analysis of Breach of Contract: PetroTech v. PPD Arbitration Case

This memorandum details the breach of contract dispute between PetroTech, a US-based company specializing in high-tech equipment for aerial exploration, and PPD, a Syrian oil exploration company. The case revolves around an international sales agreement where PPD used PetroTech's equipment beyond the stipulated test period, leading PetroTech to demand payment for the equipment. The report outlines the arguments, including the jurisdiction of the arbitral tribunal, the need for document production, and the calculation of damages under the CISG, particularly Articles 74 and 78, which address damages and interest. PetroTech seeks compensation for lost profits, the price of the equipment retained by PPD, and accrued interest. The report emphasizes the importance of the arbitration clause, the application of CISG principles, and the determination of the appropriate interest rate in the context of international sales agreements. The claimant argues that the respondent breached the contract by using the equipment beyond the agreed-upon test period and seeks compensation for the equipment's price and interest on the damages.