Regardless of how a buyer purchases fuel – whether that’s directly from physical suppliers, via brokers, traders, under a global framework agreement or ad hoc, a common feature is that the seller’s terms generally prevail, explains Rory Butler, partner, and Louise Lazarou, senior associate, Holman Fenwick Willan.
The lawyers discuss due diligence in respect of the seller and the fuel. They also discuss fuel specification, sampling and quality testing, the quality-claims time-bar, limitation of liability and the “OW Bunkers” issue.
