Commodities – International Trade

We benefit from our extensive experience and expertise we have gained from working with some of the largest hard and soft commodity traders in the world. We have previously dealt with a wide spectrum of commodity disputes which inter ala include contamination & “off–spec” claims, late shipment/delayed arrival claims, letters of credit and documentary compliance issues, demurrage disputes under both charters and sale contracts, on- and off-shore storage contracts etc.

We have intimate knowledge of various commodity trading associations such as the Federation of Oils, Seeds and Fats Associations Ltd (FOSFA), Grain and Feed Trade Association (GAFTA), Palm Oil Refiners Association of Malaysia (PORAM), London Metal Exchange (LME), Refined Sugar Association (RSA) and the International Chamber of Commerce (ICC) making us well placed to suggest practical solutions in a cost-effective, speedy way that’s aligned with your business objectives.

The experience of the firm includes inter alia enforcing foreign arbitral awards on behalf of a number of large multinational commodity trading enterprise against an against Indian commodity traders some of whom insolvent. We have successfully intercepted and attached moneys payable to the Indian judgment debtor from Indian state owned entities.

Commodity Finance

The firm has recently acted for a number of foreign banks and commodity traders involved complex trade finance transactions. We acted for the Singapore office of French bank in a USD 90 Million dispute with India’s largest manufacturer of edible oil over a trade financing facility in addition and on behalf of the Singapore office of a Swiss soft commodities trader which an Indian entity and their Dubai associated companies involving a series of back to back commodity sale contracts. We have also been involved in a number of letter of credit disputes and have been successful in obtaining orders of injunction from Indian Courts against banks from honoring the letter of credit.