Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

BUNGE SA v NIDERA BV

[2015] 2 Lloyd's Rep. 469

SUPREME COURT

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

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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