CAIRO, July 14 (Reuters) - Russian grain company Rosinteragroservis (RIAS) said on Tuesday it had started two arbitration cases at the London-based Grain and Feed Trade Association (GAFTA) against a private Egyptian grain importer.
A RIAS official told Reuters that grain importer Egyptian Traders had failed to pay RIAS Trading SA, a Swiss-based subsidiary of RIAS, for two Russian wheat shipments. The Egyptian firm could not immediately be reached for comment.
"When we presented documents for payment to Egyptian Traders ... they didn't pay, so they went into default as per the GAFTA," RIAS Trading Commercial Director Chris Vanhonacker said. "We have started this arbitration to recuperate our losses." (Reporting by Maha El Dahan, editing by Anthony Barker)