MERCURIA ENERGY TRADING SA V ONEX DMCC

[2026] EWHC 130 (Comm), King's Bench Division, Commercial Court, Lionel Persey KC , 22 January 2026

Contract (sale) – Contract interpretation – Sale of unascertained goods – CIF – Cargo of fuel oil containing excess organic chlorides – Product description – Description of product in recap – General Terms and Conditions limiting scope of warranty– Loss of commercial identity – BP Oil International Limited General Terms and Conditions for Sale and Purchases of Crude Oil and Petroleum Products 2015

Mercuria was the buyer and Onex was the seller of a cargo of a quality of petroleum product referred to as "high–sulphur straight–run fuel oil". Both parties were oil traders.