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The training course upon GAFTA/FOSFA contracts was held for Ukrainian agrarian traders, with the English arbitrator engaged.

30 сентября : ru 7 en 21 октября : ru 2 en 22 октября : ru 5 en 130.09.19

On September 27 Interlegal held traditional practical training “All about GAFTA/FOSFA Contracts” for the trading and logistics companies employees. 

Peculiarity of the training course was perfect combination of theoretical knowledge and practical skills from experienced lawyers and international arbitrators. Speakers shared the current trends in GAFTA/FOSFA arbitrations and spoke on the most common mistakes in the trading contract performance.

In the first section, Richard Faint, GAFTA ex-arbitrator and FOSFA arbitrator, highlighted main difference between the English law and the private law jurisdictions. He emphasized, “Due to misunderstanding the difference between such approaches, traders make a lot of mistakes during the trading contract performance. Having understood the principles whereunder the English law system was formed, the expert will face no problems in understanding subtleties of demurrage, similarities and differences between the bill of lading, the contract and the charter party, as well as other nuances of contract performance”.

During the panel discussion with Richard Faint and Interlegal lawyers Andrey Perepelitsa and Ekaterina Gadetskaya engaged, the event guests studied basic trends in English arbitrations for 2019-2020.

Second section touched the Ukrainian realities and practical issues of GAFTA/FOSFA contract performance. Interlegal partners and lawyers Natalya Myroshnychenko, Karyna Gorovaya, Daria Liashenko and Vitalii Tolstik presented their reports.
In the end, Oleg Onishenko, SGS Ukraine Operations & Efficiency manager, presented his report about harvest specifications in the current year, followed by panel discussion regarding practical issues of GAFTA/FOSFA contract performance when exporting from Ukraine.

 

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