Other lawsuits of Trafigura Pte Ltd

analysisUnited Petroleum Trading Limited claimed from TPTE three sums totalling about US$8.3 million that it said were margin for gasoline-futures trading on its behalf; TPTE denied the agreement and had the claims for two sums struck out as time-barred, and on 23 September 2021 the Appellate Division dismissed the appeal with costs, leaving the US$2.5 million claim to trial. In the 2024 judgment on the schemes of arrangement of the liquidated fuel trader Hin Leong, TPTE appears among the named non-parties. ^{1 2 3 4}

qualification

The outcome of the trial of the remaining US$2.5 million claim is not in the record. The judgment lists TPTE as a named non-party without stating its interest; whether TPTE is a creditor of Hin Leong is not in the record.

response

TPTE denied that the alleged futures-trading agreement existed and said the sums were owed to it under another agreement.

outcome

Appeal dismissed on 23 September 2021 with costs of $30,000 to TPTE; the US$2.5 million claim continued to trial.

analysisAs owner of a zinc calcine cargo on the stranded Thorco Lineage, TPTE obtained a ruling from the Commercial Court on 13 January 2023 that the carrier TKK Shipping's liability limit for salvage and onshipment costs is based on the weight of the whole cargo. On 4 July 2025 the same court gave TPTE summary judgment against El Soobat Energy Co Ltd of Sudan, which did not appear, for about USD 2.1 million owed under a 2020 gasoline sale. ^{1 2}

qualification

The judgment itself was not retained; its holding is taken from a case-law database's summary.

outcome

Summary judgment for TPTE on its claims, including interest, and costs of £190,000.

analysisRasmala Trade Finance Fund sought to recover over $22.6 million it had paid TPTE in 2017–2018, believing it was financing coal sales to the trader Farlin Energy & Commodities, which had forged the contracts and agreements. Both the High Court in June 2025 and the Court of Appeal on 7 October 2026 held that TPTE had changed its position in good faith by continuing to trade with Farlin, and dismissed the claim. ^{3 4}

response

Rasmala alleged that Trafigura was party to Farlin's fraud; it withdrew most of those allegations at trial and the remaining allegation of dishonesty was rejected, without permission to appeal.

outcome

Claim dismissed on 23 June 2025; appeal dismissed on 7 October 2026.