BUNGE SA v NIDERA BV
[2013] 1 Lloyd's Rep. 621
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice HAMBLEN
Sale of goods (fob) – Contract for sale of milling wheat fob Novorossiysk – Russian Government issuing export ban – Whether sellers entitled to cancel contract – Whether cancellation constituted wrongful repudiation of contract – GAFTA Prohibition Clause – Whether sellers entitled to nominal damages only – GAFTA Default Clause – GAFTA 49.