Content area
Full Text
[ Statoil ASA v Louis Dreyfus Energy Services LP ]
* THE CASE
This case concerns a contractual mistake relating to demurrage [payment for extra use of a chartered vessel]. Statoil ASA is a Norwegian company trading in oil and gas. Louis Dreyfus entered into a contract with Statoil for the sale of a cargo of liquid propane gas.
Statoil chartered a vessel to carry the cargo from Norway to Mexico. The cargo was not fully discharged until a date later than planned. The ship owner claimed for the extra use of the vessel from Statoil, who in turn made a claim from Dreyfus.
Statoil used the wrong date for completion and so claimed an incorrect lower amount from Dreyfus, who spotted the mistake but did not mention it.
When Statoil realised its mistake regarding the...