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WFS Europe in $12 million claim against Macoil International over unpaid deliveries

25 Oct 2019

World Fuel Services (WFS) Europe on Tuesday (15 October) submitted a complaint against Greek bunkering firm Macoil International at a U.S District Court claiming a total USD 11.75 million.

The claim, which included additional interest, contractual fees, and more, was mainly due to unpaid debt for three bunker cargo deliveries between August 2018 and September 2018, according to a document seen by Manifold Times.

On 28 August 2018, WFS Europe supplied 10,000 metric tonnes (mt) of 0.5% sulphur 380 centistokes (cSt) product to the Macoil appointed receiving vessel LS Jacoba at Malta through a third party contract with AOT Trading AG.

The company later supplied 6,000 mt and 5,000 mt of 0.5% sulphur 380 grade to the LS Jacoba at Malta for Macoil, through similar arrangements with AOT Trading on 11 September and 14 September 2018 respectively.

Manifold Times in late September reported Vitol SA seeking USD 20.6 million from Macoil over fail payment. The earlier court document also showed Macoil purportedly owing credit totalling USD 99.5 million to several parties (engaged in separate lawsuits against Macoil) including BNP Paribas, Unicredit, Vilma Oil, Sahara Energy Resource Limited, and Septo Trading.

Related: Vitol files bankruptcy suit against Macoil over failed payment

Photo credit: MarineTraffic / Ian Shiffman
Published: 25 October, 2019

 

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