KOLMAR GROUP AG v TRAXPO ENTERPRISES PVT LTD

[2010] 2 Lloyd's Rep. 653

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Christopher Clarke

Tort — Economic duress — Intimidation — Contract for sale of methanol fob — Market price of methanol increasing subsequent to contract — Sellers refusing to ship part cargo unless contract price increased — Buyers reluctantly agreeing to pay higher price — Whether buyers entitled to restitution on basis of economic duress — Whether buyers opened acceptable letter of credit.