BUNGE SA v NIDERA BV

[2014] Lloyd's Rep Plus 13

COURT OF APPEAL

Before Lord Justice Moore-Bick, Lord Justice Floyd and Lord Justice Christopher Clarke

Sale of goods (fob) - Contract for sale of milling wheat fob Novorossiysk - Russian government issuing export ban - Whether sellers entitled to cancel contract - Whether cancellation constituted wrongful repudiation of contract - GAFTA Prohibition Clause - Whether sellers entitled to nominal damages only - GAFTA Default Clause - GAFTA 49.