August 28, 2025
Bunge Corporation (New York) v Tradax Export SA (Panama) [1981] UKHL 11 (25 February 1981)
Facts The case concerned a contract for the sale of 15,000 tons of US soya bean meal by Tradax Export SA (Panama) (the sellers) to Bunge Corporation (New York) (the buyers). The contract stipulated shipment to be made from a Gulf port to be nominated by the sellers, with the goods being shipped in three instalments during May, June, and July 1975. The contract incorporated the standard GAFTA Form 119, which contained Clause 7, requiring the buyers to give the sellers ‘at least 15 consecutive days’ notice of probable readiness of vessel(s) and of the approximate quantity to be loaded’.
