COMPAGNIA INDUSTRIALE LAVORAZIONE SEMI OLEOSI S.p.a. v. ALFRED C. TOEPFER

[1974] 2 Lloyd's Rep. 148

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Kerr

Sale of goods (c.i.f.) - Rapeseed sold by German sellers to Italian buyers c.i.f. Civitavecchia - Guaranteed price for rapeseed fixed by E.E.C. authorities - International price lower than guaranteed price - Subsidy paid to sellers in DM by E.E.C. authorities - Buyers entitled under contract of sale to benefit of subsidy in U.S. dollars - Rate of exchange applicable - IOSA form no. 65.