ARUNA MILLS, LTD. v. DHANRAJMAL GOBINDRAM

[1968] 1 Lloyd's Rep. 304

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Sale of goods (c.i.f.)-Revaluation of currency clause-Devaluation of rupee-Shipment outside contractual period-Whether breach of contract by sellers-Liability of buyers for increase in price - Whether increase recoverable by buyers as damages for breach of contract. Damages-Remoteness-Breach of contract- Revaluation of currency - Whether loss resulting from revaluation of currency was too remote in law to be recoverable- Whether buyers mitigated loss. Arbitration-Award-Remission for further findings of fact-Effect of trade association rule disallowing legal representation on arbitration-Costs of award-Comments by Court.