Maritime Sreedharan Subramaniam Maritime Sreedharan Subramaniam

Buyer not entitled to reject off-specification fuel oil

Galtrade Limited v. BP Oil International Limited [2021] EWHC 1796 (Comm). In considering a buyer’s claim for wasted expenditure relating to a cargo of off-specification low sulphur straight run fuel oil (“SRFO”), the Court found that the Buyer was not entitled to reject the cargo and was, therefore, in repudiatory breach of contract.

Read More
Maritime Sreedharan Subramaniam Maritime Sreedharan Subramaniam

A distinction with a difference: Court of Appeal finds conflict between contractual terms

When reporting last year on the Commercial Court judgment in this case, we commented that it is common in commodity contracts for the parties to agree their main commercial terms in a recap and then to refer to and incorporate industry standard terms in order to complete the contractual arrangements. The challenge then is how to interpret the resulting contract.

Read More