Contract Interpretation

JKM TTF Pricing Clause
Case BriefsForeign Courts

The dispute arose from a five-year LNG charterparty under which hire was linked to the spread between the JKM and TTF LNG price indices. After market conditions shifted dramatically in 2022 and TTF began exceeding JKM for sustained periods, the Court examined how the contractual pricing formula was intended to operate in those circumstances.

Minimum Guaranteed CENVAT Credit deduction
Case BriefsHigh Courts

“There cannot be quarrel with the proposition that no clause can be read into the contract entered between the parties.”