<SEC-DOCUMENT>0001157523-15-002030.txt : 20150608
<SEC-HEADER>0001157523-15-002030.hdr.sgml : 20150608
<ACCEPTANCE-DATETIME>20150608160555
ACCESSION NUMBER:		0001157523-15-002030
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150608
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150608
DATE AS OF CHANGE:		20150608

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WORLD FUEL SERVICES CORP
		CENTRAL INDEX KEY:			0000789460
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
		IRS NUMBER:				592459427
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09533
		FILM NUMBER:		15918556

	BUSINESS ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		STREET 2:		SUITE 400
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178
		BUSINESS PHONE:		305-428-8001

	MAIL ADDRESS:	
		STREET 1:		9800 N.W. 41ST STREET
		STREET 2:		SUITE 400
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33178

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL RECOVERY CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51119538.htm
<DESCRIPTION>WORLD FUEL SERVICES CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      D.C. 20549</b></font><br><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 22%; color: #000000">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>FORM 8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font><br><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 22%; color: #000000">


    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Date of
      Report (Date of earliest event reported): &#160;June 8, 2015</font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WORLD
      FUEL SERVICES CORPORATION</b></font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Florida</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; white-space: nowrap; width: 34%; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-9533</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>59-2459427</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 67%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>9800 N.W. 41<sup>st</sup> Street</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Miami, FL</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>33178</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 67%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Zip
            Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt">Registrant&#8217;s telephone number, including
      area code:</font><font style="font-size: 10pt"><b> (305) 428-8000</b></font><br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br>
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: justify">
      <b>Item 8.01. &#160;&#160;&#160;Other Events. </b>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      On June 8, 2015, World Fuel Services Corporation (the &#8220;Company&#8221;)
      announced that it has entered into a settlement agreement (the
      &#8220;Settlement Agreement&#8221;) with the Trustee (the &#8220;Trustee&#8221;) for the U.S.
      bankruptcy estate of Montreal, Maine &amp; Atlantic Railway, Ltd., Montreal,
      Maine and Atlantic Canada Co. (&#8220;MMAC&#8221;), and the monitor (the &#8220;Monitor&#8221;)
      in MMAC&#8217;s Canadian bankruptcy (collectively, the &#8220;MMA Parties&#8221;) to
      resolve claims arising out of the July 2013 train derailment in
      Lac-M&#233;gantic, Quebec (the &#8220;Derailment&#8221;).&#160;&#160;Under the terms of the
      Settlement Agreement, the Company will contribute US$110 million (the
      &#8220;Settlement Payment&#8221;) to a compensation fund established to compensate
      parties who suffered losses as a result of the Derailment.&#160;&#160;The Company
      expects that the full amount of the Settlement Payment will be covered
      by insurance.&#160;&#160;As part of the settlement, the Company and its affiliates
      will also assign to the Trustee and MMAC certain claims they have
      against third parties arising out of the Derailment.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      In consideration of the Settlement Payment and the assignment of claims
      to the Trustee and MMAC, the Company and its affiliates, as well as the
      Company&#8217;s former joint ventures, DPTS Marketing, LLC and Dakota
      Petroleum Transport Solutions, LLC and each of their affiliates
      (collectively, the &#8220;WFS Parties&#8221;), will receive the benefit of the
      global releases and injunctions set forth in the respective bankruptcy
      plans filed by the Trustee in the U.S. and by MMAC in Canada
      (collectively, the &#8220;Plans&#8221;).&#160;&#160;The effect of these global releases and
      injunctions will be to bar all claims which may exist now or in the
      future against the WFS Parties arising out of the Derailment, other than
      criminal claims which by law may not be released.&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Prior to becoming effective, the Settlement Agreement and Plans must be
      approved by creditors in both the U.S. and Canadian bankruptcies, as
      well as the U.S. and Canadian Bankruptcy courts. The Province of Quebec
      and other key creditors in the bankruptcies have consented to the
      settlement. The Plans are also subject to challenge by third parties. As
      a result, approval of the Plans, the effectiveness of the Settlement
      Agreement and the related timing is uncertain.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      A copy of the Company&#8217;s press release is attached hereto as Exhibit 99.1
      and is incorporated by reference herein.
    </p>
    <p style="text-align: justify">
      <u><i>Information Relating to Forward-Looking Statements</i></u>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      This Form 8-K includes forward-looking statements within the meaning of
      the Private Securities Litigation Reform Act of 1995, including, without
      limitation, statements regarding the settlement agreement and the nature
      of the settlement, and the Company&#8217;s expected insurance recovery.&#160;&#160;These
      forward-looking statements are qualified in their entirety by cautionary
      statements and risk factor disclosures contained in the Company&#8217;s
      Securities and Exchange Commission (&#8220;SEC&#8221;) filings, including the
      Company&#8217;s Annual Report on Form 10-K filed with the SEC on February 12,
      2015. Actual results may differ materially from any forward-looking
      statements due to risks and uncertainties, including, but not limited
      to: whether the Plans, including the Company&#8217;s Settlement Agreement, are
      approved by the creditors and receive final approval from the courts
      involved in the U.S. and Canadian bankruptcies, the Company&#8217;s ability to
      recover from its insurance carriers, any unforeseen litigation and other
      costs related to the incident that may arise in the future, as well as
      the other risks detailed from time to time in the Company&#8217;s SEC
      filings.&#160;&#160;New risks emerge from time to time and it is not possible for
      management to predict all such risk factors or to assess the impact of
      such risks on the Company's business. Accordingly, the Company
      undertakes no obligation to publicly update or revise any
      forward-looking statements, whether as a result of new information,
      changes in expectations, future events, or otherwise.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>Item 9.01. &#160;&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p style="white-space: nowrap; text-align: justify">
      <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 12%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 83%; text-align: left" valign="top">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; white-space: nowrap; width: 12%; padding-right: 0.0px" valign="top">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 83%" valign="top">
          Press Release, dated June 8, 2015.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned, thereunto duly authorized.
    </p>
    <p style="text-align: justify">

    </p>
    <p style="text-indent: 30.0px; text-align: justify">

    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 38%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            June 8, 2015
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>World Fuel Services Corporation</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="padding-left: 0.0px; width: 11%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="padding-left: 0.0px; width: 11%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 3%; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 38%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/Ira M. Birns
          </p>
        </td>
        <td style="width: 11%">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 5%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 38%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Ira M. Birns
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 38%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="3" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      EXHIBIT INDEX<br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 12%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit No.</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 5%; padding-bottom: 2.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom: solid black 1.0pt; width: 83%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Description</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; white-space: nowrap; width: 12%; text-align: left; padding-right: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; width: 83%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release, dated June 8, 2015.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51119538ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2015 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>World
      Fuel Services Corporation Announces Lac-M&#233;gantic Settlement</b></font>
    </p>
    <p>
      MIAMI--(BUSINESS WIRE)--June 8, 2015--World Fuel Services Corporation
      (NYSE: INT) today announced that it has entered into a settlement
      agreement with the Trustee for the U.S. bankruptcy estate of Montreal,
      Maine &amp; Atlantic Railway Ltd. (the &#8220;Trustee&#8221;), Montreal, Maine and
      Atlantic Canada Co. (&#8220;MMAC&#8221;), and the monitor in MMAC&#8217;s Canadian
      bankruptcy to resolve claims arising out of the July 2013 train
      derailment in Lac-M&#233;gantic, Quebec.
    </p>
    <p>
      Under the terms of the settlement agreement, which is subject to
      approval by the creditors and courts involved in the U.S. and Canadian
      bankruptcies, the company will contribute US$110 million to a
      compensation fund established to compensate parties who suffered losses
      as a result of the derailment. The company expects that the full
      settlement amount will be covered by insurance. As part of the
      settlement, the company will also assign to the Trustee and MMAC certain
      claims it has against third parties arising out of the derailment.
    </p>
    <p>
      In consideration of the settlement amount and the assignment of claims,
      the company and its affiliates, as well as the company&#8217;s former joint
      ventures, DPTS Marketing, LLC and Dakota Petroleum Transport Solutions,
      LLC and each of their affiliates (the &#8220;WFS Parties&#8221;), will receive the
      benefit of the global releases and injunctions barring claims against
      the WFS Parties set forth in the respective bankruptcy plans filed by
      the Trustee in the U.S. and by MMAC in Canada. The Province of Quebec
      and other key creditors in the bankruptcies have consented to the
      settlement.
    </p>
    <p>
      &#8220;We believe that participating in the settlement and contributing to the
      compensation fund is in the best interests of our shareholders and will
      also aid in providing closure to those affected by this tragic
      accident,&#8221; said Michael J. Kasbar, chairman and chief executive officer.
      &#8220;The entire community of Lac-M&#233;gantic remains in our thoughts and
      prayers as they continue to recover from this tragedy.&#8221;
    </p>
    <p>
      <i>Additional information regarding the settlement can be found in the
      company&#8217;s current report on Form 8-K filed with the Securities and
      Exchange Commission at: <u>www.sec.gov</u>.</i>
    </p>
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    <p>
      <u>Information Relating to Forward-Looking Statements</u>
    </p>
    <p>
      This release includes forward-looking statements within the meaning of
      the Private Securities Litigation Reform Act of 1995, including, without
      limitation, statements regarding the settlement agreement and nature of
      the settlement, and our expected insurance recovery. These
      forward-looking statements are qualified in their entirety by cautionary
      statements and risk factor disclosures contained in the company&#8217;s
      Securities and Exchange Commission (&#8220;SEC&#8221;) filings, including the
      company&#8217;s Annual Report on Form 10-K filed with the SEC on February 12,
      2015. Actual results may differ materially from any forward-looking
      statements due to risks and uncertainties, including, but not limited
      to: whether the bankruptcy plans, including our settlement agreement,
      are approved by the creditors and receive final approval from the courts
      involved in the U.S. and Canadian bankruptcies, our ability to recover
      from our insurance carriers, any unforeseen litigation and other costs
      related to the incident that may arise in the future, as well as the
      other risks detailed from time to time in the company&#8217;s SEC filings. New
      risks emerge from time to time and it is not possible for management to
      predict all such risk factors or to assess the impact of such risks on
      our business. Accordingly, we undertake no obligation to publicly update
      or revise any forward-looking statements, whether as a result of new
      information, changes in expectations, future events, or otherwise.
    </p>
    <p>
      <u>About World Fuel Services Corporation</u>
    </p>
    <p>
      Headquartered in Miami, Florida, World Fuel Services is a global fuel
      logistics, transaction management and payment processing company,
      principally engaged in the distribution of fuel and related products and
      services in the aviation, marine and land transportation industries.
      World Fuel Services sells fuel and delivers services to its clients at
      more than 8,000 locations in more than 200 countries and territories
      worldwide.
    </p>
    <p>
      The company's global team of market makers provides deep domain
      expertise in all aspects of aviation, marine and land fuel management.
      Aviation customers include commercial airlines, cargo carriers, private
      aircraft and fixed base operators (FBOs), as well as the United States
      and foreign governments. World Fuel Services' marine customers include
      international container and tanker fleets, cruise lines and time-charter
      operators, as well as the United States and foreign governments. Land
      customers include petroleum distributors, retail petroleum operators,
      and industrial, commercial, residential and government accounts. The
      company also offers transaction management services which consist of
      card payment solutions and merchant processing services to customers in
      the aviation, marine and land transportation industries. For more
      information, call 305-428-8000 or visit <u>www.wfscorp.com</u>.
    </p>
    <p>
      CONTACT:<br>World Fuel Services Corporation<br>Ira M. Birns, 305-428-8000<br>Executive
      Vice President &amp; Chief Financial Officer
    </p>
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