Commodities January 2014 COMMODITIES BULLETIN

International Ltd v Murco Petroleum Ltd (27 November 2013) will be of interest to commodities traders because of the way the Court ruled damages should be assessed. The claimant oil trader, Galaxy, claimed damages for alleged late delivery by the defendant oil refiner, Murco, of 35,000 MT of fuel oil, sold on an FOB basis. ................
................