LITASCO SA V DER MOND OIL AND GAS AFRICA SA AND ANOTHER

[2023] EWHC 2866 (Comm), King's Bench Division, Commercial Court, Mr Justice Foxton, 15 November 2023

Contract – Negotiations – Payment of contract debt – Force majeure clause – Trade sanctions clause – Russia (Sanctions) (EU Exit) Regulations 2019

Claimant Litasco and defendant Der Mond were both oil trading companies. The second defendant was Der Mond's parent company. Litasco entered into a contract to sell Der Mond 950,000 barrels of ERHA (Nigerian) crude oil, CFR Dakar, Senegal.