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Books > Law > Laws of other jurisdictions & general law > Private, property, family law > Contract law
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Petroleum Contracts - English Law & Practice (Hardcover, 2nd Revised edition)
Loot Price: R13,497
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Petroleum Contracts - English Law & Practice (Hardcover, 2nd Revised edition)
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In response to the primacy of English law as the lingua franca
governing petroleum transactions, and the increased global demand
for new sources of oil and gas, this fully updated new edition
analyses the application of English law to contracts for project
investment, financing, and development. The book provides
practitioners and other parties with essential operational detail,
as well as advising on the implications of English law on the
interpretation of relevant provisions. The scope extends,
unusually, beyond petroleum contracts made in the UK to cover all
petroleum contracts worldwide, delivering exceptionally extensive
coverage of this ever-growing sector for an international market.
This work is a stand-alone practical guide on the application of
English law to petroleum contracts, and provides a detailed and
scholarly level of analysis, with reference to all relevant
contracts and case law. Beginning with an introduction to the
English legal system and the law of general contract, the author
goes on to distinguish those characteristics that set petroleum
contracts apart from others, including distinction between
upstream, midstream, and downstream agreements. The contracts
considered include those for the financing, management, sale,
purchase and exchange of petroleum assets and interests
(collectively called interest contracts), and contracts for the
management, sale, purchase and exchange of petroleum quantities and
petroleum storage, transportation and capacities (collectively
called commodity contracts). Subsequent chapters introduce
preliminary petroleum contracts and the obligation to negotiate,
conditions precedent and subsequent, joint ventures, and the
involvement third parties and the implications for privity in this
context. Breaches and doctrines triggered by the impossibility of
performance are set out in detail, alongside legal advice on
damages, termination, liability allocation and equitable remedies.
All relevant provisions are analysed in a final chapter of
miscellaneous analysis, ensuring a truly comprehensive treatment of
the sector. This new edition has been updated with new chapters on
contract architecture and related issues and new sections on the
Limitation Act and tolling, further assurances, quantum meruit and
estoppel. Chapters have been updated in light of key cases on good
faith and relational contracts, fiduciary duties and consequential
loss recognitions, amongst others. As English law continues to grow
in international importance, this is a key text for practitioners
in a number of jurisdictions who are looking to draft contracts or
handle international transactions under the umbrella of English
law.
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