Commodity Traders Shocked After Collapse of Oil Trader

Commodity traders are facing the heat following Hin Leong’s shocking collapse.
It has led to short-term disruptions amid COVID-19.
There are disruptions in physical supply.
Deteriorating credit environment and potentially tighter regulatory oversight.
Oil companies have tightened internal risk management and scrutiny of counterparties.
Companies are also scrutinizing the use of letters of indemnity in place of bills of lading.

According to an article published in Platts and authored by Eric...