Description

About the Event

Crude oil and products are regularly traded through simple exchanges of short emails. Such ‘confirmation notes’ are then processed by specialist in-house teams and a to and fro of requests for amends usually follows. Very rarely do the parties finally agree on each and every single technical amendment; this notwithstanding, performance follows, and most deals are a success. The notion that the parties may not have a full and detailed agreement in place while dealing with such expensive and dangerous shipments would be very unwelcome to any oil trader. In BP Oil International Limited v Glencore Energy UK Limited [2022] EWHC 499 (Comm), however, the Commercial Court found certainty in the most unlikely of places. Two years later, what was the impact of BP Oil v Glencore on oil trading practice? Why should we all worry?

About the Speaker

Filippo is a Professor of Maritime and Commercial Law at D’Annunzio University in Italy and held a Chair in Maritime and Commercial Law at Dalian Maritime University in China and at the University of Southampton where he was Director of the Institute of Maritime Law from 2010 to 2014. He is dual qualified in both the UK and Italy and is a consultant to the law firm, Campbell Johnston Clark (CJC). Among his many publications, he is, with Yvonne Baatz, the author of Sassoon: CIF and FOB Contracts (7th edn, Sweet & Maxwell 2020), and with Richard Coles, editor of The Law of Yachts and Yachting (2nd edn, Informa 2021).