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20 Dec 2022

Commodities in Focus Weekly: Vitol S.A. v JE Energy Ltd. – meaning of laycan in FOB sale contracts and useful reminder on repudiatory breach

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On 7 October 2022 the English Commercial Court handed down a judgment in Vitol S.A. v JE Energy Ltd [2022] EWHC 2494 (Comm), where the Court revisited the meaning of laycan in the context of FOB sale contracts. The case is also a recent example of a not so uncommon scenario where a party wrongfully terminated the contract, thereby being in repudiatory breach itself which allowed the other party to bring the contract to an end and claim damages.

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