ATTORNEY GENERAL OF THE REPUBLIC OF GHANA AND GHANA NATIONAL PETROLEUM CORPORATION v. TEXACO OVERSEAS TANKSHIPS LTD. (THE “TEXACO MELBOURNE”)

[1992] 1 Lloyd's Rep. 303

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Webster

Damages - Currency - Carriage by sea - Non-delivery - Defendants failed to deliver cargo of fuel oil to plaintiffs - Whether available market Italy or Takoradi - Appropriate currency in which plaintiffs’ loss should be assessed - Whether damages should be assessed in U.S. dollars or Ghanaian cedis.