This customs case involves a breach of contract involving commodities. The defendant is a national distributor of frozen fish, while the plaintiff is their supplier; they have a contract in place that ensured prices at market value. The plaintiff is now pursuing a case against the defendant for missing payments. The defendant, however, contends that they were overcharged, that they were not charged the appropriate amount based on reports from third-party sources, and that the plaintiff charged the frozen fish at “local market value” rather than a national market value.
Question(s) For Expert Witness
- 1. Please discuss your experience in calculating market prices for commodities such as frozen fish?
Expert Witness Response E-007848
Oftentimes contracts are not written tightly enough and the wording surrounding issues such as how a market price should be calculated leaves room for this type of situation. I am very experienced in analyzing markets and market data and would be interested in taking a look at this case. I also have prior experience in commercial litigation suits involving seafood, so I am familiar with some of the issues involved.
Expert Witness Response E-007849
I am a highly regarded expert in the field of the economics of environmental resources and have worked on numerous projects involving the frozen fish market. For the Government of Papua New Guinea, I evaluated export markets and joint venture pricing policies for shrimp, lobster, and tuna. I have also written a comprehensive report for the Food and Agriculture Organization of the United Nations on the international market for shrimp, analyzing demand and forecasting the future of the markets.