BUNGE SA v NIDERA BV

[2014] 1 Lloyd's Rep. 404

COURT OF APPEAL

Before Lord Justice MOORE-BICK,Lord Justice FLOYD,Lord Justice CLARKE

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.