Sign up
Log in Sign up
Thu 4 Feb 2010, 08:31 GMT

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.

Iceberg floating in Arctic waters. IMO members urged to back mandatory Arctic fuel standards to cut black carbon emissions  

Clean Arctic Alliance calls for polar fuel measure requiring cleaner fuels in Arctic waters.
AET’s hybrid electric vessel render. AET adds hybrid-electric shuttle tanker to fleet with dual-fuel capability  

Tanker operator brings first hybrid-electric DPST into service on long-term charter with lower-emissions technology.
Methanol ship-to-ship bunkering operation at anchorage in Yokohama. Japan completes first ship-to-ship methanol bunkering at anchorage in Yokohama  

Five-way partnership delivers methanol fuel transfer between vessels at Keihin Port using domestically produced biomethanol.
Anna Cosulich vessel. Cosulich launches first methanol-ready bunker tanker in China  

Anna Cosulich is first of four sister vessels in fleet expansion programme.
Keel-laying ceremony of Natalia Cosulich. Cosulich begins construction of fourth methanol-ready bunker tanker in China  

Steel cutting for Natalia Cosulich marks completion of the group’s new alternative fuel-capable vessel series.
AiP award ceremony for cubic tank concept. Lloyd’s Register grants approval in principle to GTT’s CUBIQ LNG fuel tank design  

Classification society approves CUBIQ system designed to expand membrane-type LNG fuel tanks into commercial shipping.
International Chamber of Shipping nuclear webinar. ICS to host webinar on regulatory framework for nuclear merchant ships  

International Chamber of Shipping event on 26 February will examine regulatory pathways for nuclear vessels.
Cosco Shipping Libra vessel. World’s first full methanol dual-fuel retrofit completes maiden voyage  

Cosco Shipping Libra covered 27,800 nautical miles on a 106-day voyage after main and auxiliary engine conversion.
PetroChina Petroineos Trading logo. PetroChina International seeks bunker trader for Rotterdam as it expands ARA marine fuel operations  

Chinese energy trader aims to boost alternative fuels portfolio and market share in Europe.
MyStar vessel truck-to-ship bunkering. Tallink Group moves towards 100% renewable fuel on Helsinki–Tallinn route  

Megastar and MyStar ferries to run entirely on liquefied biomethane supplied by Elenger.




 Recommended