World Fuel Services 2004 Annual Report Download - page 20

Regulation
The principal laws and regulations affecting our businesses are as follows:
Environmental Regulations. Our activities, including discontinued operations, are subject to substantial regulation by
federal, state and local government agencies, inside and outside the United States, which enforce laws and regulations
governing the transportation, sale, storage and disposal of fuel and the collection, transportation, processing, storage, use and
disposal of hazardous substances and wastes, including waste oil and petroleum products. For example, United States Federal
and state environmental laws applicable to us include statutes that: (i) allocate the cost of remedying contamination among
specifically identified parties, and prevent future contamination; (ii) impose national ambient standards and, in some cases,
emission standards, for air pollutants which present a risk to public health or welfare; (iii) govern the management, treatment,
storage and disposal of hazardous wastes; and (iv) regulate the discharge of pollutants into waterways. International treaties
also prohibit the discharge of petroleum products at sea. The penalties for violations of environmental laws include injunctive
relief, recovery of damages for injury to air, water or property, and fines for non-compliance. See “Risk Factors,” above, and
“Item 3 – Legal Proceedings.”
Taxes on Fuel. Our marine and aviation segments are affected by various taxes imposed on the purchase and sale of
marine and aviation fuel products. These taxes include sales, excise, goods and services taxes (“GST”), value added taxes
(“VAT”) and other taxes, and are collectively referred to as “transaction taxes.” The transaction taxes imposed on marine and
aviation fuel purchasers and sellers are also subject to various full and partial exemptions. Subject to exemptions available at
the time of the transaction, in general, we pay the appropriate transaction tax to the supplier or charge the appropriate
transaction tax to the customer. We continuously review our compliance with U.S. and foreign laws that impose transaction
taxes on our operations. However, in certain cases, we may be responsible for additional transaction taxes if the customer or
we do not qualify for an exemption believed to be available at the time of purchase and/or sale.
Item 2. Properties
The following pages set forth our principal leased properties by segment as of March 24, 2005. We consider our
properties and facilities to be suitable and adequate for our present needs.
WORLD FUEL SERVICES CORPORATION and SUBSIDIARIES
PROPERTIES
Location Principal Use Lease Expiration
Corporate
9800 Northwest 41st Street, Suite 400 Executive and administrative office March 2013
Miami, FL 33178, USA
Marine Fuel Services
9800 Northwest 41st Street, Suite 400 Executive and administrative office March 2013
Miami, FL 33178, USA
Raritan Plaza III Administrative, operations and January 2010
101 Fieldcrest Avenue Suite 2B sales office
Edison, NJ 08837, USA
2 Greenwich Office Park Administrative, operations and December 2006
Greenwich, CT 06830, USA sales office
1101 Fifth Avenue, Suite 280 Administrative, operations and July 2008
San Rafeal, CA 94901, USA sales office
238A Thompson Road #17-08 Administrative, operations and December 2006
Novena Square Tower A, Singapore 307684 sales office
9 F/L., Dongwon-Bldg., 128-27 Sales office October 2007
Dangju - Dong, Chongno - Ku
Seoul, 110-759 South Korea
(Continued)
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