ABFA Commodities Trading Ltd v Petraco Oil Company SA 2024 EWHC 147 Comm - 30 January 2024
Country
Year
2024
Summary
These proceedings first came before the court on 15 May 2019 when the Claimant (who I shall refer to in this judgment as "VTB Commodities", its name at the time of the underlying events) applied for injunctions under s.44 of the Arbitration Act 1996 against its contractual counterparty, JSC Antipinsky Refinery ("Antipinsky"): a worldwide freezing order, and a mandatory injunction requiring Antipinsky to deliver a cargo of 60,608.95 mt of High Sulphur Vacuum Gasoil ("VGO") then on board a floating storage facility called the "POLAR ROCK" ("the Disputed Parcel") to VTB Commodities ("the Cargo Injunction"). The injunctions were granted by Mr Justice Waksman on 29 April 2019.
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