Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ESTEVE TRADING CORPORATION v. AGROPEC INTERNATIONAL (THE “GOLDEN RIO”)

[1990] 2 Lloyd's Rep. 273

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Evans

Sale of goods (f.o.b.) - Bankruptcy clause - Construction - Sale of soya beans - Circle established - Party in circle committed act of bankruptcy - Necessary to establish closing-out price - Meaning of “the market price then current for similar goods” - Basis on which closing out price should be fixed.

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