DAMAGES – BREACH OF SALES CONTRACT – FAILURE TO PAY - PVC – TRICON – LACK OF PARTICIPATION – CONTRACT CANCELLATION
Tricon Dry Chemicals initiated arbitration against Plastico Bahrain over a breached contract for 300 metric tons of PVC. The proceedings, based solely on Tricon's submissions, sought $156,000 in damages for Plastico's unilateral contract cancellation due to non-payment. Plastico did not participate in the arbitration.