Bunge SA v Nidera BV – Court of Appeal (Moore-Bick, Floyd and Christopher Clarke LJJ) [2013] EWCA Civ 1628 – 12 December 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.