Commodities in Focus Weekly: Glencore Energy UK Limited v NIS J.S.C. Novi Sad [2023] EWHC 370 (Comm)

On 23 February the High Court handed down its judgment in Glencore Energy UK Limited v NIS J.S.C Novi Sad [2023] EWHC 370 (Comm). Amongst other issues, consideration was given to the calculation of fees charged by the terminal operator for storing contaminated crude oil and the extent to which the seller was obliged to compensate the buyer for its liability in respect of those storage fees under the terms of a settlement agreement.

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