Frustrating events and demurrage liability *

United Kingdom - September 27 2012
The decision in DGM Commodities Corp V Sea Metropolitan Sa (2012) is one which will be of interest to any commercial entity purchasing FOB and selling CIF.

Co-authors: Jonathan Spearing.

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Standard Iron Ore Trading Agreement (SIOTA) *

United Kingdom - September 7 2012
On the 30 May 2012 Global Ore launched its physical iron ore trading platform and the Standard Iron Ore Trading Agreement (“SIOTA”).

Co-authors: Jonathan Spearing.

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Speculation, hedging and capacity: what is the distinction and does it matter? *

United Kingdom - September 4 2012
The central issue in Standard Chartered Bank v Ceylon Petroleum Corporation was whether two commodity derivative contracts made under the 2002 ISDA Master could be enforced against one party who alleged that making those contracts was ultra varies in that it had no legal capacity to make them such that they were unenforceable.

Co-authors: Jonathan Morton.

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The abuse of power – its effect on charterparty and sale contracts *

United Kingdom - September 4 2012
Owners (“O”) chartered the vessel to Trafigura (“T”) on a BEEPEEVOY 3 form to load a cargo of crude oil at an FPSO terminal off Port Harcourt, Nigeria between 31 August– 1 September 2009.

Co-authors: Jonathan Spearing.

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Emissions certificates – rights and wrongs *

United Kingdom - July 4 2012
In the case of Armstrong DLW GMBH v Winnington Networks Ltd [2012] the court dealt with issues of fraud in emissions trading, and made an important ruling on the legal nature of emissions certificates and their associated rights.

Co-authors: Jonathan Morton.

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