Interpretation of quality clause in naphtha contract, damages for breach and hedging issues
In this case, the Commercial Court found that the quality of the naphtha cargo did not comply with the contractual standard and awarded the buyers their hedging losses.
General words sufficient to incorporate arbitration clause into sale contract international trade law Ince & Co
In this case, the Court took a commercial view with regard to the incorporation of an arbitration clause into a sale contract from previous sale contracts between the same parties.
Seller under fob contract liable for economic duress and tort of intimidation
In this case, the buyer was awarded damages because the seller was held to have used economic duress and intimidation to compel the buyer to pay much more than the contract price for the goods in question.
Implied obligation under Article 16(f) of UCP 600 to return rejected documents reasonably promptly
In our International Trade and Commodities Legal Update February 2010, we reported that the
beneficiaries under five letters of credit (L/Cs) issued by Indian Overseas Bank (“IOB”) had succeeded
in defeating all save one of IOB’s defences based on alleged documentary discrepancies under the
L/Cs.
Measure of damages recoverable for anticipatory repudiatory breach of sale contract
In this case, the English Commercial Court held that the sellers under an FOB contract for the sale of Nigerian crude oil were in repudiatory breach and awarded damages to the buyers.
Legal Issues in Political Risk Insurance
This article examines the PRI claims environment from the perspective of the London Market and some of the legal issues that arise.