Export ban: court construes FOSFA 201 prohibition and default clauses
This briefing from Ince & Co focuses on the case of Novasen S.A. v Alimenta S.A. [2013] EWHC 345 (Comm), where the court construed FOSFA 201 prohibition and default clauses. The parties entered into a contract for the sale of Senegalese crude groundnut oil in bulk. Before the goods were shipped, a Senegalese government prohibition on export that applied to this commodity was declared.
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Legal update: international trade and commodities — April 2013
Ince & Co has published the April 2013 edition of its International Trade and Commodities Legal Update.
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A Commercial Court judge has decided that a failure to pay hire under an NYPE charterparty amounts to a breach of condition, entitling a ship-owner to terminate and seek damages.
Analysis from The Lawyer
Cover up
Professional indemnity cases keep hitting the court lists as settlement values continue to rise
