Thu 4 Feb 2010 08:31

World Fuel Services seeks $4.3m payment


Court filing states that Iraq failed to pay for a portion of the goods supplied by Tramp Oil in 2006.



Miami-based World Fuel Services is seeking $4.3 million from the Republic of Iraq, according to a federal court filing in Miami.

The court filing is a registration of foreign judgment, which states that the Iraqi State Enterprise for Water Transport paid only $4 million of a $7.6 million bill for marine fuel and supplies in 2006.

The outstanding amount was owed to UK companies Tramp Oil & Marine Ltd. and Bromley Partnership LLP.

Tramp Oil was later acquired by World Fuel Services to become part of World Fuel Services Europe.

Since 2006, the owed amount is said to have accrued more than $700,000 in interest, with additional fees of $100,000.

Upon registering the judgment in the United States, a federal complaint states: “The Iraqi government breached its contract by failing to pay for a portion of the goods supplied by Tramp Oil.”

The complaint also says that the Iraqi government failed to respond to attempts by U.S. federal court to serve notice on it, and a default judgment was first entered in federal court in Baltimore, Maryland.

World Fuel Services Corporation is a global leader in the marketing and sale of marine, aviation and land fuel products and related services.

Last year, the company acquired Henty Oil Group of Companies, a leading independent provider of marine and land based fuels in the United Kingdom.

Henty, based in Liverpool, achieved 2008 marine sales of over 250,000 metric tons, servicing the Irish Sea ports of Liverpool, Holyhead and Heysham. Henty's land segment, with 2008 volume of approximately 10 million gallons, provides fuel and gas oil to a broad range of customers throughout the United Kingdom.

In 2009, World Fuel Services also aquired select assets of Chicago-based TGS Petroleum, Inc.. With 2008 volume of over 100 million gallons, TGS is an authorized branded distributor for CITGO Petroleum Corporation and Marathon Petroleum Company, LLC and a licensee for Clark Brands, LLC.

TGS distributes gasoline and diesel fuel under long-term contracts to over 160 retail petroleum operators.


CEO, Fredrik Witte and CFO, Mette Rokne Hanestad. Corvus Energy raises $60m from consortium for maritime battery expansion  

Norwegian energy storage supplier secures growth capital to accelerate zero-emission shipping solutions.

Indian Register of Shipping hosts at LISW 2025. Shipping industry warned nuclear power is essential to meet 2050 net zero targets  

Experts say government backing is needed for nuclear investment.

Rendering of LNG bunkering vessel Avenir TBN. ExxonMobil enters LNG bunkering with two vessels planned for 2027  

Energy company to charter vessels from Avenir LNG and Evalend Shipping for marine fuel operations.

Logos of international maritime associations supporting IMO Net Zero Framework. Shipping associations back IMO Net-Zero Framework ahead of key vote  

Seven international associations urge governments to adopt comprehensive decarbonisation rules at IMO meeting.

Concept illustration of biofuel and renewable energy production. Study claims biofuels emit 16% more CO2 than fossil fuels they replace  

Transport & Environment report challenges biofuels as climate solution ahead of COP30.

Rendering of Green Ammonia FPSO. ABB to supply automation systems for floating green ammonia production vessel  

Technology firm signs agreement with SwitcH2 for Portuguese offshore facility producing 243,000 tonnes annually.

VPS launches VeriSphere digital platform. VPS launches Verisphere digital platform to streamline marine fuel decarbonisation tools  

New ecosystem connects multiple maritime emissions solutions through single user interface.

Wallenius Sol vessel Botnia Enabler. Wallenius Sol joins Gasum's FuelEU Maritime compliance pool as bio-LNG generator  

Partnership aims to help shipping companies meet EU carbon intensity requirements through bio-LNG pooling.

IAPH Clean Marine Fuels Working Group. IAPH launches products portal with ammonia bunker safety checklist  

Port association releases industry-first ammonia fuel checklist alongside updated tools for alternative marine fuels.

Berkel AHK Logo. Berkel AHK joins Global Ethanol Association as founding member  

German ethanol producer becomes founding member of industry association focused on marine fuel applications.





 Recommended