NORTH SEA ENERGY HOLDINGS N.V. v. PETROLEUM AUTHORITY OF THAILAND

[1997] 2 Lloyd's Rep. 418

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Thomas

Contract - Supply agreement - Side letter - Construction - Agreement for supply of crude oil - Side letter agreed to provide confirmation - Obligations required to be performed prior to confirmation - Defendants repudiated agreement - Whether in breach - Whether plaintiffs entitled to damages based on third party offer - Whether plaintiffs could claim damages on loss of profit basis.