Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

KAINES (UK) LTD. v. OSTERREICHISCHE WARRENHANDELSGESELLSCHAFT AUSTROWAREN GESELLSCHAFT m.b.H. (formerly CGL HANDELSGESELLSCHAFT m.b.H.)

[1993] 2 Lloyd's Rep. 1

COURT OF APPEAL

Before Lord Justice Dillon Lord Justice Stocker and Lord Justice Bingham

Contract - Measure of damages - Contract for sale of Brent crude oil for September lifting - Buyers accepted sellers’ anticipatory repudiation of contract - Price of Brent crude fluctuated - Buyers bought in at higher price - Measure of damages recoverable by buyers.

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