Annual practical course "ENGLISH CONTRACT LAW. Sale Contracts and Charter Parties"

On March 23-24 Interlegal law firm and Black Sea Institute of Maritime and Trade law invites you to join our traditional practical training course “ENGLISH CONTRACT LAW. Sale contracts and Charter Parties” for the trading and logistics companies. 

The peculiarity of the training course is - perfect combination of theoretical knowledge and practical skills from experienced lawyers and international arbitrators. Training content is based on:  
- English Contract Law in commodity trading;  
- examples and cases of the execution of grain trading contracts;  
- overview of current trends in dispute resolution and settlement of disputes.  

Speakers will share the current trends on international arbitration institutions and deliver how to avoid the most common mistakes in trading contract performance.  

Every day, in the field of international trade and shipping, thousands of contracts are concluded between persons speaking different languages, working in different legal systems, and often having different understandings of the same terms of the contract. That is why the vast majority of market participants use standard forms, developed by specialized associations, when drawing up contracts. 

International trade in grains is performed using standard forms of GAFTA and FOSFA contracts. The Grain and Feed Trade Association (GAFTA) and the Federation of Oils, Seeds and Fats Associations (FOSFA) are non-governmental international associations and arbitration bodies, whose main aim is to promote international trade in grain, feed, oils and fats. 

Traders and Brokers should be aware that English law plays a dominant part in the international sale of commodities, especially for dry commodities. This is so even where the parties and the cargoes traded have no physical connection with England.  English law has a rich history of case law which provides guidance to trading companies when dealing with sales on FOB, CIF and similar terms. 

The course will examine and lead participants through the obligations and rights in such contracts and will cover the allied contracts, required in documentary sales, such as Contracts of Carriage (Bills of Lading and Charter Parties), Insurance and Letters of Credit and other documents required by such sale contracts. 

We will also cover Dispute Resolution and the value to Traders of being members of Trade associations when it comes to using the various Arbitration Services such Trade Associations provide 

Common causes of disputes in the execution of contracts in the Black Sea basin: 
- different understanding of the moment from which the obligation to pay for the goods is considered fulfilled, 
- delays or loss of payments, 
- action of insurmountable circumstances, 
- compliance with the default procedure, etc. 

Entering into an international commodities contract, a simple rule should be observed: know and understand the provisions and procedure to be included in a contract. And what to do if something goes wrong. 

"ENGLISH CONTRACT LAW. Sale contracts and Charter Parties" course, commenced by International Law Firm "Interlegal" (hereinafter - Interlegal) is unique intellectual product of Interlegal based on our legal experience from 1995 and is not supported by any international associations or government bodies.  

The event will happen online via Zoom platform 

Start – March 23, 11.00 (Ukrainian time) 

Preliminary Program: 

Moderator: Arthur Nitsevych, partner, Interlegal