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The Buyer is the owner of the vessel and its accessories, and it is cheap for the Buyer to entrust the Trading House to handle the Import and Export formalities. The Claimant and Wuzhou then applied to Taizhou Customs Office to vary the operating firm as listed in the Record Manual of Processing Trade to Wuzho In March 2009, the Claimant claimed that, though the events had concluded the Equipments Import Contract, the rights and obligations of the parties ought to nonetheless be as said within the Shipbuilding Contract 2005. On May 27, 2010, the Claimant further wrote to Zhejiang Provincial Government and pushed the authority for permitting the exportation of the vessel from Wuzhou instantly. In the meantime, the Claimant and Wuzhou all of a sudden filed criminal costs against Mr. Qiu Gengmin, the authorized representative of Changda, which resulted in substantial difficulties for Changda’s business.

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