UAE Top Court: Physical Bunkers Suppliers Have No Right to Recourse against Owners/Charterers
The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers. In the first decision on the issue from the most senior court in the country, the UAE Federal Supreme Court has decided that physical suppliers of bunkers have no right of recourse against Owners/Charterers where there is a contractual sale and purchase chain. The Supreme Court has concluded that there are two separate contracts. One contract…
Baghdad Seeks to Have Kurdish Oil Dispute Settled in Iraq
Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.s. court filing said on Friday. Iraq's central government has also asked Iraq's Federal Supreme Court to block the Kurdistan Regional Government from exporting any crude until its ownership can be determined, said the filing in federal court in Houston. The central government contends it belongs to the country as a whole, not just the Kurdistan region. The latest legal challenge follows Iraq in May bringing criminal charges against the Kurdistan government, alleging theft of oil revenues. However, Kurdistan has failed to appear in court to address the charges, the filing said.