Contractual obligations and remedies for its breach in physical market of commodity exchanges

The transactions of physical market in Iranian commodity exchanges –both “Iranian mercantile exchange” and “energy exchange” which include sale of goods and derivatives as futures and options - consist of spot, credit and short sale and governed by its specific regulations. Although this mentioned transactions are instances of sale contract and according of Iranian law, the title of goods is transferred when the sale contract is concluded but the obligations which derived from them is significant. The obligations of parties and liability of broker and principal according to commodity exchanges regulations are studied andanalyzed in this article. Although In this transactions, principals are engaged indirectly but they also have rights and obligations so that they can preclude the conclusion of contract. In this transactions specific performance as main contractual remedy in Iranian law is loosed. Instead of, rescission, termination and compensation are remedies that referenced by SEO regulations and directives.