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Strait of Hormuz crisis Tankers and Gas Law

October trial set for Mercuria v Baltic Exchange fight over Hormuz VLCC benchmarks

  • 15-day trial to start from October 26
  • A win for Mercuria would throw FFA and index-linked charter contracts into chaos
  • TotalEnergies reportedly mulling its own case against Baltic Exchange

  • News

The Baltic Exchange has argued a Mercuria win would create ‘almost incomprehensively large’ knock-on effects, with every contract that had included the TD3C benchmark as a reference needing to be amended or renegotiated

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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