November 13, 2025
When contractual misunderstandings turn into disputes, how can traders resolve them efficiently and avoid costly mistakes? In this webinar exclusive for GPC members, Jonathan Waters, General Counsel at GAFTA, unpacked key clauses and offered practical advice on how to prevent, handle, and learn from contract-related conflicts.
GAFTA’s General Counsel walked participants through GPC Pulses Contract No. 1 dispute resolution process, which prioritizes mediation under GAFTA rules before arbitration. If mediation fails, arbitration under GAFTA 126 follows — a quicker, lower-cost route handled by a sole arbitrator. But it comes with no right of appeal. “You get one chance to prove your case — including your losses,” Waters cautioned.
Waters began by identifying why disputes arise, from poorly understood clauses and vague amendments to unforeseen financial or market changes. “English law assumes commercial parties have read and understood the contract,” he reminded attendees, stressing that contracts are always open to interpretation — and therefore carry inherent risk.
READ THE FULL ARTICLE
Disclaimer: The opinions or views expressed in this publication are those of the authors or quoted persons. They do not purport to reflect the opinions or views of the Global Pulse Confederation or its members.
