AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5


Shipper suing scrap broker for alleged breach of contract

Keywords: Tags  metal brokerage, Borinken Towing & Salvage, Island Commodity Brokers, Green EnviroTech Corp, Gary DeLaurentiis, Brian Chrisman, Lisa Gordon


PITTSBURGH — A Puerto Rico barge shipper is suing a metal brokerage company and its owners for allegedly failing to pay $157,000 for transporting scrap metal.

Borinken Towing & Salvage LLC is suing Dover, Del.-based Island Commodity Brokers LLC along with Gary DeLaurentiis and Brian Chrisman, both of Oakdale, Calif.

The lawsuit filed in U.S. District Court in Puerto Rico said that in November Borinken agreed to deliver 5,000 tons of heavy melting scrap from Tortola, British Virgin Islands, to Ponce, Puerto Rico, and Island Commodity Brokers agreed to pay $5,800 per day for a minimum of 30 days and submitted a $50,000 deposit.

Borinken alleged that part of the load was rejected by Schnitzer Steel Industries Inc. for not meeting specifications and had to be shipped back to its origin. The lawsuit said the brokerage company did not pay its obligation and blamed lack of payment from the scrap buyer as the primary reason it could not pay the shipper. An executive at Borinken discussed the matter with Portland, Ore.-based Schnitzer and learned that the invoice had been satisfied, according to the suit.

Borkinken is suing Island Commodity Brokers for $157,060 for the balance owed and barge cleaning services.

DeLaurentiis told AMM that he is not a principal of the company and only arranged a meeting between the parties, and denied any wrongdoing in the matter.

Chrisman could not be reached for comment.

DeLaurentiis and Chrisman both hold executive roles with Green EnviroTech Corp., an Oakdale company devoted to processing auto shredder residue (amm.com, Feb. 25, 2011).


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends