Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

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PHOEBUS D. KYPRIANOU COY. v. WM. H. PIM JNR. & CO. LTD.

[1977] 2 Lloyd's Rep. 570

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Kerr

Sale of goods (f.o.b.) - Default in performance - Quantum of damages - Falling market - Whether damages should be the difference between the contract price and the market price at the shipment date or earlier - Whether buyers' 10 per cent. option on contract quantities should be deducted in assessment of damages - GAFTA 79A, cl. 17.

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