Business

Singapore: Helmsman to hold ‘Masterclass’ on commodity trading contracts at SMU Law Academy

Course includes topics on valid and binding transactions; quality or quantity disputes; shipping issues; contract termination; claims; insolvency and others. Registration closes 25 February 2021.

Published

5 years ago

February 5, 2021

Admin

Helmsman masterclass on commodity trading contracts MT image

Singapore-based specialist international shipping and commodity law firm Helmsman LLC is organising a Masterclass on commodity trading contracts at the SMU Law Academy in March 2021.

The Masterclass is designed for experienced commodity trading personnel (legal, credit, risk, compliance, traders and operations) interested in developing a deeper understanding and higher level of expertise in commodity trading contracts.

Participants should have at least an intermediate level (3 years and up) of experience in commodity trading.

“Commodity trading law is fast emerging as a specialist practice. This area of law is particularly important to Singapore, being a major international commodity trading hub,” a Helmsman spokeswoman told Manifold Times.

“The commodity trading contract is a vital document for commodity traders. Often, it determines who makes and who loses money when things go wrong. It is a complex document and its implications are often overlooked.”

The six-hour course will be taught by class-leading commodities trading specialist lawyers – Ian Teo (Managing Director, Helmsman LLC) and Chen Zhida (Associate Director, Helmsman LLC) – who will share real life case studies and experience to illustrate the practical application of commodities trading law.

The one-day course is seminar-based and revolve around hypothetical problems based on real life cases discussed in an interactive setting.

The issues which will be discussed in-depth include:

When is a valid and binding transaction concluded? This issue is especially important in a volatile market. Traders are often faced with a situation where counterparties try to renege on a deal when the prices fall or rise rapidly. How can traders protect themselves and achieve certainty?
What happens if there is a quality or quantity disputes? Issues relating to final and binding analysis, and evidence collection. – Payment terms and security – examining risks in unsecured trade, letters of credit issues and how to “secure” the payment
Shipping issues – laycan, delivery period and various INCOTERMS
When can you terminate a contract? This issue often arises in a rapidly rising or falling market. Can a trader validly terminate a contract in order to take advantage of the volatile market?
How much money can you claim when the other trader breaches the contract? This is a complicated area of the law – we will also examine what kind of losses can be claimed and whether hedging losses can be included.
Insolvency of the other trader – how do you protect yourself against insolvency risk?

Details of the Legal Issues in Commodity Trading Contracts course:

Date: 4 March 2021
Time: 10:00 AM – 5:30 PM
Venue: Singapore Management University School of Law
Practise Area: Admiralty Practice / Shipping
Training Level: Advanced
Registration: 25 February 2021 (Last day)

Note: Interested participants may register through the link here.

Published: 5 February, 2021

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

3 hours ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

3 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

3 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026