Shipment of Oil in UK Law
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US, UK and Canada Announce Additional Sanctions on Belarus
On August 9, 2021, the United States, United Kingdom and Canada announced further coordinated sanctions to mark one year since the allegedly fraudulent 2020 Belarusian presidential election in resp...... ... the term to operate broadly by, for example, designating persons engaged in business involving Venezuela, such as the purchase or shipment of oil, but who do not have physical operations within Venezuela. It is worth noting that, unlike the new EO 14038, EO 13850 does not contain the ... ...
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UK Government Publishes Guidance On The UK Ban On Oil And Oil Products
... ... If an importer is unable to prove that the oil or oil products ... they are bringing into the UK are non-Russian in origin, the ... shipment (or relevant portion of the cargo) may not be allowed to ... unload or may be subject to forfeiture ... The content of this article is intended to ... ...
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Commodities Bulletin May, 2009
... ... by reference to published market prices at and around the date of ... shipment; and (2) the price would be paid "without deduction, ... offset or counterclaim" ... The cargo was shipped after the contractual shipment period, ... ...
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OFAC Publication Of Price Cap Coalition Alert
... ... recipients by using indirect routing, unscheduled detours, or ... transit or trans-shipment of cargo through third countries. There ... are legitimate reasons for Automatic Identification System (AIS) to ... be turned off or "go dark" (e.g., ... ...
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UK Government Publishes Guidance on the UK Ban on Oil and Oil Products
On November 21, 2022, the UK Department for Business, Energy and Industrial Strategy published guidance on the UK ban on Russian oil and oil products intended for entry into the UK (the “BEIS Guida...... ... If an importer is unable to prove that the oil or oil products they are bringing into the UK are non-Russian in origin, the shipment (or relevant portion of the cargo) may not be allowed to unload or may be subject to forfeiture. For more information on how these developments could ... ...
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Intercoms 2020 Rules For The CIF - Cost Insurance And Freight
... ... In particular, CIF requires the seller to properly deliver the ... goods, cleared for export, on board the vessel at the port of ... shipment; to pay for the transport of the goods to the port of ... destination; as well as to obtain and pay for minimum insurance ... coverage against the ... ...
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Export Ban: Court Construes FOSFA 201 Prohibition And Default Clauses
... ... of the prohibition in accordance with the FOSFA 201 Prohibition clause incorporated into the sale contract, the result of which was that the shipment period was automatically extended by 30 days. At the same time however, the Sellers also purported to terminate the sale contract on the grounds of ... ...
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FOB Buyers Beware: Sale Contract Letter Of Credit And Laycan Provisions Vitol SA v JE Energy Ltd
... ... LC was eventually opened, failing to extend its expiry date to ... match the likely date of shipment, and (iv) purporting to declare ... the contract null and void prior to shipment of the fuel oil by ... The decision confirms and clarifies the law ... ...
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Measure of Damages Recoverable for Anticipatory Repudiatory Breach of Sale Contract
... ... Although the parties continued to discuss new shipment dates, this did not prevent them from affirming the March contract on the basis of the March pricing declaration in the meantime. In the judge's ... ...
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English Court Reviews The 'Fraud Unravels All' Principle In Enforcement Of CIETAC Arbitration Award, April 2017
... ... A letter of credit was issued by Rabobank Nederland (Rabobank) on 22 April 2010, which stipulated the latest date of shipment as 31 July 2010 (the Letter of Credit). However, on 12 June 2010 and, crucially, without the agreement of the Buyer, the Seller then instructed ... ...
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