Studying case Drawing up a claim According to the contract seller (company A) (Ukraine) had to deliver to the buyer (company B) (UAE) 25000 MT of wheat flour. Payment terms were: advance payment
50% and 50% after two weeks from the date of delivery. The delivery terms — CIF (UAE port). Interest rate according to the contract is 0,05% from the sum of delayed payment for each day of delay.
The buyer delayed payment for two weeks and did not send any claims to the seller about the quality or quantity of the commodity. Calculate the amount of damages.