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Failure to make exclusion clause wording work under English law rather than US law proves costly – KG Bominflot v Petroplus, Court of Appeal

10 November 2010 | Mark Weston

P supplied oil to B under a free on board (‘FOB’) contract. Clause 18 of the contract stated that there were no ‘guarantees, warranties or representations’ as to the fitness of suitability of the...

Tags on this discussion: agreement agreements breach breach of contract commercial commercial agreement commercial agreements Commercial contract commercial contracts commercial law condition contract contracts Court of Appeal English law FOB free on board fundamental breach High Court implied term Incoterms material breach sale of goods sale of goods act satisfactory quality serious breach SOGA supply supply agreement supply contract supply of goods term Terms & conditions warranty

New version of Incoterms launched

24 September 2010 | Paul Gershlick

The International Chamber of Commerce has launched a new version of Incoterms. It comes into effect on 1 January 2011. The rules create uniformity regarding certain key principles with international trade,...

Tags on this discussion: agreement commercial commercial agreement Commercial contract commercial contracts commercial law distribution agreement duties ICC Incoterms Insurance International International Chamber of Commerce risk tax taxes title

International Chamber of Commerce to issue new Incoterms rules for January 2001

6 July 2010 | Paul Gershlick

The International Chamber of Commerce has announced that it is issuing a new set of Incoterms. The new rules will take effect from 1 January 2011 and the ICC is taking orders now from anyone who wants...

Tags on this discussion: cross-border ICC Incoterms International International Chamber of Commerce purchase of goods sale of goods supply of goods

Latest news and views tagged Incoterms

Failure to make exclusion clause wording work under English law rather than US law proves costly – KG Bominflot v Petroplus, Court of Appeal

New version of Incoterms launched

International Chamber of Commerce to issue new Incoterms rules for January 2001

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