Commodities in Focus weekly – Issue 139
CAFI – Commodity and Freight Integrators
DMCC v GTCS Trading DMCC [2025]
EWHC 1350 (Comm)
Background
The dispute arises out of two contracts for the sale and purchase of the same cargo of 28,000 metric tonnes of Russian milling wheat (the "Cargo"). Under both contracts GTCS Trading DMCC ("GTCS") was the seller and CAFI - Commodity & Freight Integrators DMCC ("CAFI") was the buyer. The first contract was entered into on 11 March 2022 and was for the sale of the Cargo for $465 per metric tonne (the "First Contract"). The First Contract contained the following Arbitration Clause:
“Any dispute arising out or under this contract shall be settled by arbitration in accordance with Arbitration Rules N.125 of the Grain and Feed Trade Association, in the edition current at the date of this contract. Such Rules forming part of this contract and of which both parties hereto shall be deemed to be cognizant. […]
Arbitration to take place in London / England.”
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