The record reveals that the vice presidents of plaintiff Louis Dreyfus Energy Corp. (LDEC) and defendant MG Refining and Marketing (MGRM) had concluded their negotiations on September 27, 1993, reaching agreement on the basic and essential terms of price, quantity, product and delivery, leaving only nonessential legal matters still to be negotiated ( TAJ Intl. Corp. v. Bashian Sons, 251 A.D.2d 98, 101). In light of the custom in the industry favoring such "flexible" oral agreements, the trial court correctly found that the parties were bound by the terms of their "done deal," notwithstanding the absence of a formal written confirmation which, we note, was sent shortly thereafter (UCC 2-204; see Kleinschmidt Div. of SCM Corp. v. Futuronics Corp., 41 N.Y.2d 972, 973).
In light of the foregoing, defendants' contention that the court erred in striking MGRM's counterclaim for repudiation is academic. We have considered defendants' other claims and find them to be unavailing.
THIS CONSTITUTES THE DECISION AND ORDER OF THE SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT.