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Secrets of International Trading © copyright
The Airbus A330 was
ruined when 80 canisters belonging to the Dailian branch of the China
National Chemical construction Corp leaked an extremely corrosive chemical,
oxalyl chloride, in the cargo hold in March 2000.
The crew of the
passenger flight from Beijing detected an acrid odour before landing in
Kuala Lumpur (Malaysia) en route to India and five ground handlers fell ill
when unloading the canisters to be sold to an Indian company.
The passengers
disembarked without incident, but the US$130 million aircraft was so
badly damaged that the manufacturer concluded that it could not be repaired.
The Beijing Higher
People's Court ruled on Wednesday that the Dalian company should bear
the main blame as it had declared the canisters contained a safe chemical in
the form of powder, the Beijing Times said yesterday.
The company had to
pay five foreign insurers for Malaysia Airlines US$65 million, plus
interest, in compensation, ending a five year lawsuit, the newspaper said.
The compensation
ordered by the Beijing court was the highest ever for a civil lawsuit in
the Chinese capital, the newspaper said. Both sides have yet to decide
whether to appeal against the ruling, the newspaper said. Reuters.
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