Commodities in Focus Weekly - When and on what terms?
Commercial Court on formation and terms of contract, meaning of delivery and limitation
In Tullow Ghana Ltd v Vallourec Oil and Gas France SAS, the Commercial Court determined seven preliminary issues and in doing so considered some common issues which arise in the context of international sale and purchase contracts relating to contract formation and its terms, when does delivery occur as well as limitation. Whilst the Court’s findings on the preliminary issues were fact specific, the Judgment contains useful summaries of the relevant legal principles, which would be of assistance to anyone looking at similar questions.
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