When is coal not coal under the Standard Coal Trading Agreement?
As readers familiar with the Standard Coal Trading Agreement (SCoTA) will know, SCoTA provides template relevant standard specifications (RSS) for various types of coal.
The RSS set out various quality parameters, including, for example, net calorific value, ash and total moisture, which comprise the contractual specification. The consequences of failure to comply with the specification are set out in clause 10 of the current version of SCoTA (version 8)…
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Damages for breach of terms as to quality — does the Sale of Goods Act limit such damages to depreciation in value?
This sale contract dispute provides a useful refresher with regard to the proper application of the provisions of sections 53 and 54 of the Sale of Goods Act 1979.
On 1 August 2014, the ‘Provisional Measures on the Collection of Tax on Non-Resident Taxpayers Engaged in International Transportation Business’ came into force.