Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

OCCIDENTAL CRUDE SALES INC. v. LATSIS

[1976] 2 Lloyd's Rep. 412

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Kerr

Sale of goods - Price increase - Buyers paid for six shipments of crude oil - Contract terminated - Libyan Government increased price of oil retrospectively - Whether sellers could retrospectively increase price of oil sold to buyers.

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