Commodities

Our team of commodities lawyers reflects the needs of today’s global trading industry and includes experts in all areas of international trade. We have extensive experience of the full commodities cycle from raw material to end use and offer a comprehensive range of advisory, transactional and contentious services to clients across the supply chain.
  • Profile
  • Experience
  • Key contacts

Our commodities team advise on issues relating to the full range of physical and financial commodities classes - particularly coal, metal ores and minerals, oil and gas (including LNG), renewable energy and soft commodities.

Our clients include mining groups, international oil and gas companies, trading houses, banks, power and utility companies, industrial groups and manufacturers, insurance companies, funds and private equity houses.

We have extensive experience in complex cross-jurisdictional disputes and our lawyers have represented clients in arbitrations under all the major international rules (ICC, LMAA, LCIA, UNCITRAL, SIAC, CIETAC and HIAC), as well as before commodity trade tribunals (including LME, GAFTA and FOSFA).

We can help you with:

  • long term supply and off-take agreements
  • spot and master trading agreements
  • standard form contracts (including SCoTA and EFET annexes)
  • futures and derivatives (including ISDA and FFAs)
  • bills of lading, charterparties and COAs
  • cargo loss and damage
  • storage and warehousing
  • ports and logistics contracts
  • inventory and “repo” financing
  • documentary credits and standby letters of credit
  • regulation and compliance
  • corporate and tax
  • fraud and asset recovery
  • sanctions advice.

"An excellent understanding of, and wealth of experience in, the coal and metals trading markets."
The Legal 500 UK 2022

Mercuria vs Citibank – commodity “repo” dispute

Acting for Mercuria in their successful defence of a headline-making US$270 million claim, relating to “repo” deals affected by a major metals warehousing fraud in China.

Mining – LCIA arbitrations

Acting for one of the world's largest copper mines in a dispute with a contractor.

Off-shore oil and gas

Acting for one of the world's largest oil companies in disputes with drilling and other offshore contractors.

London Metal Exchange (LME)

Advising Traderight on investments by joint venture signatories, in order to secure membership of the London Metal Exchange (LME).

Metal Concentrates – LCIA arbitrations

Advising mining group in a series of quality and other disputes with a major trading company relating to the supply of copper, lead and zinc concentrates.

Coal - price review arbitration

Advising a major power company in a dispute with an international mining group regarding the pricing and price review mechanism under a long term supply agreement.

Oil and gas terminal/storage related advice

Advising on establishing a shipping fuel storage facility. This was an on and offshore port facility in East Africa, in partnership with the host government on behalf of a significant player in the commodities industry.

LNG supply agreement

Advising a major power and utility group on 20-year LNG supply contract.

Biomass – precedent supply and freight contracts

Drafting suite of precedent supply contracts, charterparties and contracts of affreightment for a major UK energy company.

Dairy Products - “repo” agreement

Advising a major Australian bank on a “repo” transaction for powdered milk stored in European warehouses.

Sulphuric acid – quality dispute

Advising a major zinc producer in a quality dispute with one of the world’s largest fertiliser traders over a series of contracts for the sale of sulphuric acid.

Cocoa beans – "repo" Agreement

Advising a major Australian bank on a “repo” transaction for cocoa beans stored in European warehouses and Ghanaian warehouses.

Oil and gas – Sale contract chain dispute

Advising and managing complex multi-party High Court disputes relating to the delivery of off-spec product.

Soybean dispute

Advising a major Swiss soft commodities trading company in a GAFTA dispute with a German soybean trader related to unpaid fees.

FOSFA arbitration

Advised a Mozambique-based food production company in a FOSFA arbitration in Durban, South Africa, against a leading Indian flour trading company. The claim was for US$5 million.

Lawyer

Rovine Chandrasekera Partner

T:  +44 20 7809 2629
M:  Email Rovine | Vcard Office:  Dubai, London

Lawyer

Philip Prowse Partner

T:  +44 20 7809 2800
M:  Email Philip | Vcard Office:  London

Lawyer

Andrew Rigden Green Partner

T:  +852 2533 2761
M:  +852 6013 2520 Email Andrew | Vcard Office:  Hong Kong

Lawyer

Michelle Yong Partner

T:  +65 6622 9691
M:  +65 9765 2936 Email Michelle | Vcard Office:  Singapore

Lawyer

Haris Zografakis Partner

T:  +44 20 7809 2144
M:  Email Haris | Vcard Office:  London

Latest news & insights

24 Jan 2023

From Insights

Commodities in Focus Weekly: Sharp v Viterra – Court of Appeal clarifies measure of damages under GAFTA Default Clause

On 11 January 2023 the Court of Appeal handed down judgment in Sharp Corp Limited v Viterra B.V., finding that the words “actual or estimated value of the goods, on th..

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10 Jan 2023

From Insights

Commodities in Focus Weekly - ED&F Man Capital Markets Ltd v Come Harvest Holdings Ltd & Ors

Happy New Year and welcome back to Commodities in Focus Weekly. In our first issue for 2023, we highlight the Court of Appeal ("CA") judgment handed down on 21 Decembe..

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20 Dec 2022

From Insights

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

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 l..

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13 Dec 2022

From Insights

Commodities in Focus Weekly: Aiteo Eastern E&P Company Ltd v Shell Western Supply and Trading Ltd [2022] EWHC 2912 (Comm) (17 November 2022)

The Commercial Court dismissed Aiteo's challenges, brought under s.67 Arbitration Act 1996, of two partial awards, in respect of jurisdiction and consolidation, which ..

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06 Dec 2022

From Insights

CIF Weekly: Shanghai Xinan Screenwall Building & Decoration Co. Ltd. [2022] SGHC 58

How the Singapore courts have dealt with unclear arbitration agreements naming a non-existent arbitral institution

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15 Nov 2022

From Insights

CIF Weekly: Optimares S.p.A v Qatar Airways Group Q.C.S.C.

Clear drafting means right to terminate for convenience unfettered by existence of other contractual termination rights or duty of good faith

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11 Nov 2022

From Insights

UK sanctions: prohibition on the maritime transportation of crude and petroleum oil and products

On 5 December 2022, the 16th amendment1 to the UK's sanctions against Russia, The Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations")2, comes into force ..

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01 Nov 2022

From Insights

CIF Weekly: MUR Shipping v RTI - Court of Appeal rules on interpretation of force majeure clause in a COA

On 27 October 2022 the Court of Appeal handed down judgment in MUR Shipping BV v RTI Ltd [2022] EWCA Civ 1406, finding that MUR (owners) could not rely on a force maje..

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25 Oct 2022

From Insights

CIF Weekly: Embracing the next chapter: The Electronic Trade Documents Bill and its importance for the future of international trade

On 12 October 2022 the Electronic Trade Documents Bill (the "Bill") was introduced to the House of Lords and received a first reading. The Bill was drafted by the Law ..

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18 Oct 2022

From Insights

CIF Weekly: The Miracle Hope (No 5)

Managing associate, Neila Cheeks considers the judgment handed down by His Honour Judge Pelling KC on 3 October 2022 of Trafigura Maritime Logistics Pte Ltd ("T") v Cl..

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11 Oct 2022

From Insights

CIF Weekly: Does the HVR Art.III, r.6 one year time bar apply to mis-delivery cargo claims which take place after discharge from the vessel?

Does the HVR Art.III, r.6 one year time bar apply to mis-delivery cargo claims which take place after discharge from the vessel?

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22 Jul 2022

From Insights

Commodities in Focus - Edition 13 2022

Welcome to the thirteenth edition of Commodities in Focus (CIF); our bulletin for clients engaged in the production, trading, carriage, storage and financing of commod..

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26 May 2022

From Insights

Three months in: the legal implications of the Russia-Ukraine conflict for traders

In early February, we published an article on the legal implications of the escalating Russia-Ukraine crisis.

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25 Feb 2022

From Insights

Commodities in Focus - Edition 12 2022

Welcome to the twelfth edition of Commodities in Focus (CIF); our bulletin for clients engaged in the production, trading, carriage, storage and financing of commoditi..

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02 Feb 2022

From Insights

The edge of war: legal implications of the escalating Russia-Ukraine crisis for traders

This winter, with the world watching, Russia deployed around 100,000 troops together with tanks and heavy artillery along its border with Ukraine.

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28 Jan 2022

From Insights

Ukraine conflict would destabilise Black Sea trade, sanctions ‘inevitable’, say lawyers

In an article published by TradeWinds, partners and international trade experts Emma Skakle, Kirsty MacHardy, and Jameel Tarmohamed share their insights on the impact ..

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