LAKATAMIA SHIPPING CO LTD AND OTHERS v NOBU SU/HSIN CHI SU (aka SU HSIN CHI; aka NOBU MORIMOTO) AND OTHERS

[2015] Lloyd's Rep Plus 1

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Cooke

Sale of goods - Forward Freight Agreements - Transfer of FFA position for one-month period - Seller failing to buy back FFAs on agreed date - Identity of parties to contract - Measure of loss sustained by buyer - Whether buyer limited to recovering difference between contract and market value - Whether loss affected by novation agreements - Sale of Goods Act 1979, section 50(3).