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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Commodities Bulletin May, 2009
......the standard provisions that (1) the price of the oil would be set. 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, 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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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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Unstable Gasoil Cargo Held To Be Of Unsatisfactory Quality And Unfit For Purpose
...... 2. If not, was the increase in sediment levels due to the gasoil being unstable on shipment/delivery?. 3. If the gasoil was unstable on shipment/delivery, was it consequently not of satisfactory quality?. 4. If the gasoil was not of ......
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Decarbonisation And Shipping: Ship Recycling - A Changing Landscape
......merchant shipping by gross tonnage, have signed it. At present,. these requirements have yet to be met. European Union Waste Shipment Regulation. The European Union Waste Shipment Regulation (EC) No 1013/2006. (EU WSR) transposes the Basel Convention and the Basel Ban. Amendment ......
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The Lasting Quality Of FOB Contracts
......representations" as to the fitness for purpose or. suitability of the oil, other than the contractual. specifications. Pre-shipment, the oil conformed with the specifications. However, four days after discharge following an uneventful voyage,. the buyer alleged that the oil was ......
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Time limits In FOSFA Arbitrations
...... For goods sold on CIF and similar contract terms: not later than 120 days after the expiry of the contract period of shipment or of the date of completion of final discharge (r.2(b)(i)(1)); and For goods sold on FOB terms: not later than 120 days after the expiry of the ......
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'CHEMSTRANS RHINE' - Sampling Dispute Underlines Need For Clarity In Contracts
...... The Facts. Hascol, a Pakistan-based importer, entered into a contract for the sale and purchase of a shipment of fuel oil, described as "HSFO 125 cSt", from Mena, a UAE based trader of crude oil and petroleum products. By way of background, HSFO with a ......
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