TRANS TRADE RK SA V STATE FOOD AND GRAIN CORPORATION OF UKRAINE

[2025] EWHC 1803 (Comm), King's Bench Division, Commercial Court, Mr Justice Andrew Baker, 17 July 2025

Sale of goods – Grain – GAFTA – Claim for price of goods – Sale on FOB terms with price payable cash against documents – Applicability of section 49 – Sale of Goods Act 1979, section 49(2)

The defendant sellers had obtained GAFTA Board of Appeal awards in respect of the contract price for shipments of Ukrainian feed corn.