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| Kang Ding class Frigate (Click to Enlarge) |
By PIERRE TRAN
PARIS — A legal tribunal Nov. 13 cut back to some 3 million euros ($3.8 million) a 45.5 million euro claim by Taiwan on the supply of spare parts for the 1991 Bravo contract for six Lafayette stealth frigates, a source familiar with the deal said.
Taiwan’s 45.5 million euro claim against DCNS, including legal costs, was based on a 15 percent reduction on the 1996 spares contract, worth about 150 million euros, plus interest, the source said. The contract forbade the payment of commissions to agents. If French interests paid agents, the 15 percent reduction became available, under the contract, the source said.
The arbitration tribunal, sitting under the aegis of the International Chamber of Commerce, ruled there was insufficient proof to support the full claim by Taiwan.
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