KOLMAR GROUP AG v TRAXPO ENTERPRISES PVT LTD

[2010] Lloyd's Rep Plus 89

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Christopher Clarke

Tort - Economic duress - Intimidation - Contract for sale of methanol fob - Market price of methanol increasing subsequent to contract - Sellers refusing to ship part cargo unless contract price increased - Buyers reluctantly agreeing to pay higher price - Whether buyers entitled to restitution on basis of economic duress - Whether buyers opened acceptable letter of credit.