Richard Southern QC and Richard Sarll of 7KBW have prepared a bulletin on COVID-19 and the oil market, which considers the applicability of frustration and force majeure to contracts for the sale of oil and oil products. Members of 7KBW intend to produce bulletins on various topics affecting the oil industry at regular intervals over the coming months.
Members of 7KBW have extensive experience of the oil industry, and of the difficult issues clients will face in the coming months, including in relation to:
Oil and gas trading
Construction of offshore installations and pipelines
Delay in start up insurance
Chartering of offshore supply vessels