World Fuel Services 2005 Annual Report Download - page 26

WORLD FUEL SERVICES CORPORATION and SUBSIDIARIES
PROPERTIES—(Continued)
Location Principal Use Lease Expiration
Aviation Segment
9800 Northwest 41st Street, Suite 400
Miami, FL 33178, USA
Executive, administrative,
operations, and sales office
March 2013
333 Cypress Run #200
Houston, Texas 77094, USA
Administrative, operations and
sales office
February 2014
4995 East Anderson Avenue
Fresno, CA 93727, USA
Administrative, operations and
sales office
Month-to-month
238A Thompson Road #17-08
Novena Square Tower A, Singapore 307684
Administrative, operations and
sales office
December 2006
Kingfisher House, Northwood Park, Gatwick Road
Crawley, West Sussex, RH10 2XN, United Kingdom
Administrative, operations and
sales office
December 2007
Oficentro Ejécutivo La Sabana Sur, Edificio #7, Piso 2
San José, Costa Rica
Administrative, operations and
sales office
May 2009
Av. Rio Branco 181/3004
Rio de Janeiro, Brazil 20040 007
Sales office Month-to-month
Avenida Fuerza Aérea Mexicana No. 465
Colonia Federal, 15700 México, D.F.
Administrative, operations and
sales office
Month-to-month
Slavjanskaya Business Center, 8th Floor
Europe Square 2, Moscow 121059, Russian Federation
Administrative, operations and
marketing office
Month-to-month
Calle 93B No. 11A-33, oficina 303
Bogota, Colombia
Administrative, operations and
sales office
Month-to-month
Room 906, Building 113 Shaoyaojubeili, Chao Yang District
Beijing, China
Administrative, operations and
marketing office
Month-to-month
Item 3. Legal Proceedings
Miami Airport Litigation
In April 2001, Miami-Dade County, Florida (the “County”) filed suit (the “County Suit”) against 17
defendants to seek reimbursement for the cost of remediating environmental contamination at Miami
International Airport (the “Airport”). One of our subsidiaries, Page Avjet Fuel Corporation, now known as Page
Avjet Fuel Co., LLC (“PAFCO”), is a defendant. We acquired a 50% interest in PAFCO from Signature Flight
Support Corporation (“Signature”) in December 2000. Pursuant to the PAFCO acquisition agreement, Signature
agreed to indemnify us for all PAFCO liabilities arising prior to the closing date (“Closing”). Because the Airport
contamination occurred prior to Closing, we believe that the County Suit is covered by Signature’s
indemnification obligation. We have notified Signature of the County Suit, as stipulated in the acquisition
agreement. We expect Signature to defend this claim on behalf of PAFCO and at Signature’s expense.
Also in April 2001, the County sent a letter to approximately 250 potentially responsible parties (“PRP’s”),
including World Fuel Services Corporation and one of our subsidiaries, advising of our potential liability for the
clean-up costs of the contamination that is subject of the County Suit. The County has threatened to add the
PRP’s as defendants in the County Suit, unless they agree to share in the cost of the environmental clean-up at
the Airport. We have advised the County that: (1) neither we nor any of our subsidiaries were responsible for any
environmental contamination at the Airport, and (2) to the extent that we or any of our subsidiaries were so
responsible, our liability was subject to indemnification by the County pursuant to the indemnity provisions
contained in our lease agreement with the County.
The claims asserted by the County relating to environmental contamination at the Airport remain pending;
however, neither we, nor any of our subsidiaries, have been added as defendants in the County Suit. No
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