Sembcorp Cogen obtained a court order then to restrain Universal Terminal from moving, removing or disposing of any of the gasoil reserves it claims, and to ensure that the reserves are stored separately from any other gasoil.
Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Cogen, has entered into a settlement agreement with Universal Terminal and UT Singapore Services over ownership of gasoil reserves.
The lawsuit first commenced in April 2020 when Sembcorp Cogen terminated its gasoil supply and storage agreement with Hin Leong Trading.
