A Dispute Over the Price of Epidemic Prevention Supplies of a Wertern European Company

A Western European company and a Chinese company entered into a contract for the sale and purchase of certain epidemic prevention supplies. They agreed to deliver the goods in batches and the right of both parties to update the price, and the Chinese company made an advance payment for all the products. After completing the purchase and sale of the first batch of goods, due to the rapid increase in the price of the goods in the international market, the parties could not agree on the pricing of subsequent batches of products and the Chinese enterprise requested termination of the contract and refund. However, the two companies disputed the refund again and the Western European company issued a letter to ICDPASO to seek assistance for the subject amounted to USD 1,700,000.