Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ADDAX LTD. v. ARCADIA PETROLEUM LTD. AND ANOTHER

[2000] 1 Lloyd's Rep. 493

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Morison

Sale of goods (f.o.b.) - Late delivery - Calculation of damages - Sale of quantity of crude oil - Breach of condition that delivery to be during a certain period - Claimants entered into contracts for differences and then entered into futures contracts to protect their position - Claim by claimants for losses suffered - Calculation of damages.

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