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Lloyd's Maritime Law Newsletter

FinCo International AG v Integra Petrochemicals Europe AG [2026] EWHC 727 (Comm) - King's Bench Division, Commercial Court (Stephen Midwinter KC, sitting as a Deputy High Court Judge) - 27 March 2026

Sale of goods - BP Oil International Ltd General Terms and Conditions for Sales and Purchases of Crude Oil and Petroleum Products - Whether delivery dates varied - Whether nomination of vessel validly rejected - Estoppel by convention

By a contract entered into on 4 October 2023 Integra agreed to sell and FinCo agreed to buy a cargo of 10 kt of methyl tert-butyl ether (MTBE). The contract terms were set out in an email recap that incorporated version 1.2 of the BP Oil International Ltd General Terms and Conditions for Sales and Purchases of Crude Oil and Petroleum Products (BP GTCs).

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