DEADCO PETROLEUM v. TRAFIGURA AG

4294. 651305/15.

151 A.D.3d 547 (2017)

2017 NY Slip Op 04887

58 N.Y.S.3d 16

DEADCO PETROLEUM, Appellant, v. TRAFIGURA AG et al., Respondents.

Appellate Division of the Supreme Court of New York, First Department.

Decided June 15, 2017.


Plaintiff, a distributor of petroleum products, entered into a business relationship in early 2008 with defendant petroleum suppliers. Plaintiff alleges that the parties operated under an oral "partnership/strategic partnership" for some months and then documented certain aspects of the relationship in a May 2008 Product Services Agreement (PSA). After the PSA was executed, and through December 2009, defendants allegedly charged staggering interest and profit sharing fees...

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