Gilgandra Marketing Co-Operative Limited v Australian Commodity & Merchandise Pty Ltd & Ors [administrator appointed] [No. 2] [2011] NSWSC 16

Supreme Court New South Wales

Medium Neutral Citation: Gilgandra Marketing Co-Operative Limited v Australian Commodity & Merchandise Pty Ltd & Ors [administrator appointed] [No. 2] [2011] NSWSC 16 Hearing dates: 1 November 2010, 2 November 2010, 3 November 2010, 5 November 2010, 9 November 2010, 17 November 2010 Decision date: 04 February 2011 Before: Slattery J Decision: See paragraph 114 of judgment. Catchwords: CONTRACTS - general principles - contract for sale of wheat - commodity delivered to Port Botany then exported - plaintiff/vendor unpaid - purchaser insolvent - whether consideration of $280 per tonne agreed or a higher rate per tonne - whether title in wheat passed to purchaser - upon delivery to purchaser - whether vendor entitled to exercise rights of stoppage in transitu - whether plaintiff holds equitable lien for unpaid purchase price - HELD - consideration is higher than $280 per tonne - title in wheat held by vendor - vendor may exercise rights of stoppage in transitu - but no equitable lien for unpaid purchase price. Legislation Cited: Sale of Goods Act 1923, ss 5(3), 28(2) & (3), 42(1)(b) & (c), 46, 47(1),(2) & (3), 49 Uniform Civil Procedure Rules 2005, r 17.2 Cases Cited: Anders Utkilens Rediari A/S v O/Y Lorisa Stevendore & Co A/B [1985] 2 All ER 669 Associate Portland Cement Manufacturers Limited v Teigland Shiping A/S ('The Oakworth') [1975] 1 Lloyd's Rep. 583 Bethell & Co v Clark & Co (1888) 20 QBD 615 Equitable Enterprises Retail Property Ltd v Rodgers (1988) 15 NSWLR 473 F.W. Kennedy & Co v F. Leyland & Co Ltd (1923) 16 Ll. L. Rep 399 Kemp v Ismay Imrie & Co (1909) 100 LT 996 Gilgandra Marketing Co-Operative Limited v Australian Commodities & Marketing Pty Ltd & Anor [2010] NSWSC 1209 Hewett v Court (1983) 149 CLR 639 Mount (D.F.) Ltd v J & J Provisions Co Limited [1960] QB 159 Nominal Defendant v Gabriel (2007) 71 NSWLR 150 Reddall v Union Castle Mail Steamship Co (1914) 84 L.J.K.B. 360 Texts Cited: Meagher Gummow and Lehane, Equity, Doctrines and Remedies, 4th Edition,(2002), [20-030] Category: Principal judgment Parties: Plaintiff/Cross Defendant- Gilgandra Marketing Co-Operative Limited First Defendant/Cross Claimant-Australian Commodities & Merchandise Pty Ltd Second Defendant- MSC Mediterranean Shipping Company SA Third Defendant- NYK Line Fourth Defendant- MISC Berhad Representation: Counsel: A.C.Casselden (Plaintiff/Cross Defendant) S.Morris (Defendant/Cross Claimant) M.G.McHugh (Second Defendant) Solicitors: Chris Frawley, Macpherson & Kelley Lawyers Pty Ltd (Plaintiff/Cross Defendant) James Roskov, Hancock Aldis & Roskov (Defendant/Cross Claimant) Stephen John Thompson, Middletons (Second Defendant) File Number(s): 2010/236326 2010/354625 Publication restriction: No