International trade
At Penningtons Manches Cooper, we are specialists in dispute resolution, contentious fraud, and trade finance advisory work involving all types of commodities. We advise in real time, across jurisdictions, engaging with multiple parties at all stages of disputes or transactions relating to physical goods, futures or financial instruments. Our legal guidance spans the full supply chain – supporting banks, producers, traders, and end-users – and covers both soft and hard commodities and energy-related matters.
Expert commodities trading and finance advice
Regularly acting across a range of commodities, our team advises on disputes arising in relation to energy products, including petroleum products, coal, LPG and LNG; metals and minerals, encompassing base, ferrous, precious, and minor metals; and agricultural commodities, such as grains, coffee, sugar, cocoa and animal feed products. We assist at any stage of the trading process, from mining or harvesting, to transportation and post-delivery, resolving matters which, in many cases, involve onward or parallel contracts and commercially significant third-party relationships.
Experienced in managing complex and large-scale disputes, our team’s caseload covers breaches of contract, including claims under standard form trade agreements and the Sale of Goods Act, substantial civil fraud, regulatory issues, and compliance with standardised international rules such as UCP 600.


Our experts are skilled in multi-party proceedings, including High Court litigation and arbitration under international rules such as those of the London Court of International Arbitration (LCIA), the International Chamber of Commerce (ICC), and the United Nations Commission on International Trade Law (UNCITRAL). As appointed advisors to a number of trade associations and arbitral bodies, we also handle trade arbitration under the rules of the Grain and Feed Trade Association (GAFTA), the Federation of Oils, Seeds and Fats Associations (FOSFA), the Refined Sugar Association (RSA), the Sugar Association of London (SAL), the Federation of Cocoa Commerce (FCC), and the Minor Metals Trade Association (MMTA).
They explain complex and sophisticated matters with clarity. The firm’s service levels are also consistently high, as is the responsiveness.
Additionally, our trade finance team advises UK-based and international banks, financial institutions, and entities involved in global trade on financing across the commodities markets. We support parties on all sides of financing arrangements on letters of credit, guarantees and a broad range of financing facilities, such as prepayment and revolving credit. Most transactions handled by the team involve multiple jurisdictions and complex features for example multiple upstream and downstream users, or goods or security located in several different countries.
Instructed by banks and international traders with varying commercial priorities, our team structures transactions in order to mitigate potential issues and meet our clients’ objectives in their market environments, all while managing risk appropriately.
How we help our clients
Advice on commodity and other trading disputes
Electronic shipping and trade documentation
Export credit arrangements and tariffs
Futures, options and other derivatives
Letters of credit and bills of exchange, including disputes
Insurance
Regulation and compliance, including sanctions
Trade finance
Warehousing
Worldwide freezing orders, asset tracing, and recovery
Fraud, anti-bribery, and money laundering compliance, and all aspects of cybercrime
Force majeure issues
Insights
What our clients are saying
The firm is knowledgeable on the arbitration process and has a good understanding of the complexities of commodity trading.
They have very good depth of knowledge and are a well-coordinated team. They are very helpful and responsive to new cases.
They have experienced and knowledgeable partners in all aspects of the commodity business.
Their availability and responsiveness are second to none.
Its international trade and commodities group is well known for its sector expertise and its diverse client base.
Recent work highlights
US$400 million trade credit insurance claim
US$300 billion mining project claim
US$10.8 million standby letters of credit claim
High Court GAFTA appeal proceedings
Petroleum procurement arbitration
Trade associations and tribunals advice
SIAC arbitration for coal trader
Sanctions regulatory advice
US$300 million letter of credit facility
US$210 million pre-payment facility
Pre-export finance facility arrangement
US$100 million trade finance facility
SIAC arbitration for coal trader
Sanctions regulatory advice
US$300 million letter of credit facility
US$210 million pre-payment facility
Pre-export finance facility arrangement
US$100 million trade finance facility
Contacts
Contact us
Please complete this form to send us your enquiry. We will be in touch shortly with a reply.
If you need to speak to someone soon, call:






