Bunge SA v Nidera BV – QBD (Comm Ct) (Hamblen J) [2013] EWHC 84 (Comm) – 29 January 2013

Sale of goods – 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

The claimant sellers agreed to sell a quantity of milling wheat to the defendant buyers fob Novorossiysk. The contract incorporated GAFTA 49 and the contractual delivery period was 23 to 30 August 2010.