Instalment deliveries are used in Gafta and FOSFA contracts to provide flexibility in logistics and risk management. However, misunderstandings regarding the terms of instalment deliveries can lead to financial losses and lengthy arbitration disputes. I am a co-author of a Gafta course on instalment deliveries, and in this article, I will outline the fundamentals that help determine when instalment deliveries are permitted and when they may lead to contract termination and claims for damages. In…
