Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

DUNAVANT ENTERPRISES INC v OLYMPIA SPINNING & WEAVING MILLS LTD

[2011] Lloyd's Rep Plus 86

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Burton

Sale of goods - "Invoicing back" clauses - Sale of cargoes of cotton bales for export - Contract closed out pursuant to Rules of International Cotton Association - Close-out calculation resulting in seller being liable to make payment to buyer - Whether seller entitled to rely on contractual exemption clause - International Cotton Association Bylaws 102 and 201, and Rules 225 and 226.

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