Paul Skeet

Paul Skeet

Reed Smith

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Taking Rights over Third Party Insurances

Following the publication of our client alert dated 20th January 2016, we have been asked to consider a series of issues relating to insurance arrangements designed to maximise the benefit of cover for the interests of a...more

5/18/2016 - Additional Insured Commodities Corporate Veil Errors and Omissions Policy Foreign Jurisdictions Insurance Contracts Insurance Industry Investors Liability Insurance Loss Payee Reinsurance Shareholders Third-Party Vendors

Long-term supply (and off-take) agreements: some recent themes

This Client Alert seeks to highlight certain recurring issues and themes arising in the context of long-term commodity supply and off-take agreements. It draws upon the recent collective experience of our lawyers as well as...more

5/2/2016 - Best Practices Boilerplate Language Breach of Contract Business Disputes Commercial Contracts Commodities Contract Drafting Contract Termination Energy Sector Force Majeure Clause Liquid Natural Gas Natural Resources Oil & Gas Pricing Remedies Sale of Goods Act (SOGA) Sovereign Immunity Supply Agreements UK

Commodity finance: protecting the lender’s rights over the borrower’s insurance

Introduction - In commodity finance structures it is usual for the lender to require the borrower to arrange insurance cover for the goods that serve as collateral for the loan. This is because if the goods are damaged,...more

1/22/2016 - Assignments Borrowers Commercial Insurance Policies Commodities Lenders

LEAP publishes new Northwest Europe Barge General Terms and Conditions

The oil industry group Leadership for Energy Automated Processing (LEAP) has published its Northwest Europe Barge General Terms and Conditions (GTCs). The new GTCs have been designed to be used by participants in the...more

7/3/2015 - Biofuel Ethanol EU LEAP Oil & Gas Terms and Conditions

BP’s 2015 general terms & conditions for the sale and purchase of crude oil and petroleum products: key changes to be aware of

BP Oil International Limited (BP) recently published the 2015 edition of its General Terms & Conditions for Sales and Purchases of Crude Oil and Petroleum Products (GTCs). The previous GTCs were published in 2007, albeit with...more

2/12/2015 - BP Oil & Gas Oil Prices Terms and Conditions

Bridging the Gap: English Courts Uphold Enforceability of Long-term Commodity Supply Contracts

Term contracts for the supply of commodities – especially over a term of several years – are often expressed to be legally binding, but can leave important terms to be agreed between the parties, for example, on an annual...more

7/2/2013 - Contract Disputes Contract Drafting Contract Interpretation EU Supply Contracts

Is interest still interesting for the commodities sector?

Introduction - The current economic climate has highlighted the importance of cash-flow for businesses in the commodities sector. Fluctuations in the value of commodities may represent significant opportunities for...more

11/14/2012

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