THE PROBLEM

CLAIMANT’s EXHIBIT C 7
Wed 10/02/15 9:23 a.m.
Cyril Lindbergh
To
From
secretariat@wright.eq
info@SantosD.me
Re Payment TRF 192-I
Dear Ms Beinhorn,
We do not have any idea why only US$ 20,336,367.20 was credited to Wright’s account at the
Equatoriana National Bank. We did effect payment of US$ 20,438,560. We contacted our
bank and the transfer was made to the bank account stipulated in the Development and Sales
Agreement of 1 June 2010.
In regard to the purchase price for the swept fan blades TRF 192-I, your original invoice
correctly reflected our contractual agreement. In the addendum to the contract we agreed on a
fixed exchange rate of US$ 1 = EQ 2.01. When we negotiated the addendum the agreement
on the fixed exchange rate pertained not only the clamps but the whole contract.
Applying that exchange rate to the costs of EQD 19,586 we arrive at a cost in US$ per blade
of US$ 9,744.28, as correctly stated in your original invoice sent with the blades.
By contrast your “allegedly” corrected invoice of 15 January 2015 applies a wrong rate. We
would have never agreed on a floating rate applying the current rate to convert your costs into
US$. In our view, you had taken over the currency risk.
Sincerely,
Cyril Lindbergh
SantosD KG
77 Avenida O Rei
Cafucopa
Mediterraneo
T (0) 146-9128
Fax (0) 146-5634
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Prof. Dr. Stefan Kröll