Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

BUNGE SA v NIDERA BV

[2015] Lloyd's Rep Plus 70

SUPREME COURT

Before Lord Neuberger, PSC Lord Mance JSC Lord Clarke JSC Lord Sumption JSC Lord Toulson JSC

Sale of goods (fob) - Contract for sale of milling wheat fob Novorossiysk - Russian government issuing export ban - Sellers terminating contract prematurely in reliance on export ban - Buyers accepting termination as repudiatory breach of contract - Whether buyers entitled to nominal damages only - GAFTA default clause - GAFTA 49.

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