Latviski English По-русски
Friday 24.11.2017 | Name days: Velta, Velda

Rudolf Meroni: Ventbunkers can not accept the Lukoil / Litasco blackmailing tactics

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, Meroni

Chairman of the Ventbunkers Supervisory Board Dr. Rudolf Meroni

Litasco tries to force VBU into signing a new service agreement for 2011 by refusing to lift its fuel oil stored in the VBU tank facilities, BNN was informed by chairman of the Ventbunkers (VBU) Supervisory Board Dr. Rudolf Meroni.

This action is causing chaos in the Latvian railway system and millions of damages for Litasco (a subsidiary of Lukoil) and others. The fuel oil export via Latvia is seriously disrupted. So far Litasco haven’t stated any coments at this matter.

VBU reports, that Litasco, which sent the fuel oil to VBU for bunkering and transshipment, has made a bogus claim against VBU that the quality of the fuel oil does not meet their customer’s specifications. Obviously such an argumentation is absurd. Before Litasco ships a product to Ventbunkers it is their responsibility to know exactly what their client is expecting and what the specifications are. Our responsibility is to move Litasco’s product from point A to point B. Once it is discharged and stored in the Ventbunkers facilities it is too late to make any changes. The only purpose of Litasco’s action is to block the Ventbunkers Terminal, commented Alvis Haze and Mihhail Dementjev, Members of the Ventbunkers Management Board.

On the 24th of December 2010, under the orders of Litasco, the tanker M/v Celtic Sea waiting outside Ventspils port refused to enter the port to be loaded with Litasco’s fuel oil. This coincides with the date a new agreement was signed by Ventbunkers, with a major competitor of Litasco, for the use of the Ventbunkers terminal in 2011. It is clearly understood that Litasco refuses the unloading of the terminal as a leverage point to illegally force VBU to extend their expired contract.

Rudolf Meroni: Litasco knows very well that if they do not take delivery of their fuel oil, it creates a chaotic situation to VBU, Latvian Railway and to Ventbunkers new client. Refineries may have to reduce their production. It could even affect the price of fuel oil in Europe. Everything is at a standstill and it is costing everybody large sums of money. Ventbunkers examines its contractual rights to react against Litasco’s breaches of contract.

A condition in the General Terms of the Agreement between the companies’ states that VBU has the right to sell the product after 3 days if a client defaults and refuses to accept delivery. A public sale may be announced for the fuel oil in the reservoirs and this could be followed by a second public sale of the fuel oil still in the railcar tankers. However, at this time it is planned to discharge Litasco‘s product and store it for them offshore im ships.

According to Aivars Gobins, Ventbunkers Media Director, Ventbunkers has a number of unresolved issues with Litasco, which could also be related to this latest predicament. Litasco has still not revealed the details of a secret arrangement they concluded in January 2010 with an illigitimate management temporarily registered in the Register of Enterprises based on falsified documents, nor have they disclosed the bank account to which they allege having paid more than to 20 million Euros for services rendered by Ventbunkers. This scheme of doubtful legality was orchestrated by the Latvian lawyer Martins Kveps for some Ventbunkers minority shareholders.

The Lukoil subsidiary Litasco refuses to take delivery of its own fuel oil (valued at 50 million USD) stored in Ventbunkers Terminal reservoirs. The only purpose of this action is to block the Ventbunkers terminal and to create a huge chaos in the Latvian Railway system. Since December 23, 2010, 120,000 thousand metric tons of fuel oil are waiting to be lifted by Litasco in the Ventbunkers Terminal facilities. Another 1700 rail tank cars equaling 100’000 mt of fuel oil have crossed the Latvian boarder from Russia and Belorussia and are now displaced all across the country causing a huge chaos for the Latvian Railway. At this time demurrage penalties are accruing at the rate of $100,000 USD per day, reports VBU.

Leave a reply

Latvian parties took part in sports games organized by scandalous Russian politician

On Lāčplēsis Day, 11 November, certain members of the Saeima from Harmony party and Union of Greens and Farmers participated in sports games organized by Jaunā līga association supported by the Russian parliament. The initiator of those games is Dmitry Svistsev, a member of the Russian Liberal Democratic Party led by scandalous Russian State Duma politician Vladimir Zhirinovsky, Latvijas Avīze writes.

Famous Lithuanian film director suffers backlash amid sexual misconduct accusations

Although the list of powerful Lithuanian men accused of sexual misconduct is nowhere to match the similar compilation in the United States, where many women have busted an army of entertainment industry big-names, politicians and other public life celebs, however, the wave of woman revelations of men’s unwanted sexual advancement has reached Lithuania, too.

LEC: it is important to ensure efficient investing of state budget finances

It is important that the state budget for 2018 helps reach goals detailed in the National Development Plan, not look for excuses why something was not achieved, says Latvian Employers’ Confederation.

Latvian barometer: Zemgale’s residents are the proudest of living in Latvia

With Latvia’s centenary coming up, Baltic International Bank organized Latvian barometer to determine Latvian residents’ opinions on festivities associated with this event, as well as Latvia’s accomplishments and factors the country should improve.

Ašeradens: the state budget should contribute to changes in national economy

The state budget should contribute to changes in Latvia’s national economy. This is why it is necessary to ensure that Economy Ministry recognizes efforts to increase productivity of the national economy, export growth, attraction of investments, innovations and business environment development as priorities in the process for the formation of the next three-year state budget, says Economy Minister Arvils Ašeradens.

Belgian waffle factory fire closes schools in Brussels

A large fire has destroyed a waffle factory in Brussels, making a cloud of black smoke over a part of the European Union's unofficial capital.

Facebook to inform users, who liked secretly Russian-made political pages

The popular social network has undertaken in the U.S. to notify its users if they have given a thumb-up to Facebook pages, which around the time of the last U.S. presidential election have been set up by foreign actors with the aim of spreading propaganda.

Officials: a safe Europe is important for Latvia

Latvia is interested in a safe and strong Europe. Security is one of the most important priorities. Looking at modern-day challenges and technological development, cyber-security’s role only keeps increasing, said chairperson of Saeima’s European Affairs Committee Lolita Čigāne after a meeting.

Weather to remain volatile in Latvia; air temperature to drop again next week

No major changes are expected for weather in Latvia in the coming days. Friday, 24 November, will be cloudy and rainy. Air temperature will range within +2° C… +7° C, as reported by State Environment, Geology and Meteorology Centre.

Pūce: RS is fortunate that «good uncle» Ušakovs gives as much money as needed

«Rīgas satiksme is a jar with an empty bottom in which Riga’s taxpayer money is put in from one end and the money put in it falls out of the other end and is used in different fraud schemes like nano-water, and the useless hydrogen-powered transport project – enormous and financially unreasonable projects....

Saeima approves next year’s budget; more funding for health and defence

On Thursday, 23 November, the Saeima approved Latvia’s budget for 2018. Next year’s budget revenue is planned at EUR 8.75 billion, whereas expenditures are planned at EUR 8.95 billion. The largest increase of funding is planned for healthcare. Latvia’s defence budget is set to reach 2% of GDP

Ķuzis: 94% of sex crimes against children are committed by people they know

Approximately half of sex crimes committed against minors take place on the internet, said Chief of State Police Ints Ķuzis at a press-conference on protection of children against sexual violence.

European Parliament approves use of EU Solidarity Fund’s advance payments

European Parliament’s Budget Committee has approved MEP Inese Vaidere’s submitted report on the use of advance payments from the EU Solidarity Fund in 2018, as reported by European People’s Party group Latvian press and communication advisor Ģirts Salmgriezis.

Authorities unmask illegal trade of products made from protected animals

Nature Protection Office and State Police have stepped up their efforts to increase control over trade of products made from endangered and protected species in the past month. Authorities have already confiscated different goods made from animals protected in Latvia and the world.

Swedbank survey: youngsters want stability; belief in Latvian labour market grows

Stability and income predictability are two of the most important values for Latvian youngsters when planning their future jobs. According to a survey performed by Swedbank, 53% of youngsters would gladly start working in an existing company.

Myanmar and Bangladesh to sigh refugee return agreement

In South-Eastern Asia, Myanmar plans to sign an agreement with neighbouring Bangladesh on the return of hundreds of thousands of Rohingya refugees, who have fled to the latter, while rights organisations point to atrocities committed by Myanmar's military.

Polish shipbuilder accused of bribing Port of Tallinn management

A senior executive of Remontowa Shipbuilding, a Polish shipbuilding company, is facing accusations of handing large bribes to former senior figures Port of Tallinn, the Estonian state-owned port operator.

Lībiņa-Egnere may be appointed head of Saeima’s National Security Committee

Unity member Inese Lībiņa-Egnere may be appointed as the new head of Saeima’s National Security Committee, as reported by Latvijas Avīze.

Expert: real estate transaction volume this year may reach 100 million euros

The volume of commercial real estate transactions in Baltic States may exceed EUR 1 billion. Latvia, meanwhile, remains behind its neighbouring countries because the volume of transactions in the country may reach EUR 100 million, says CEO of Colliers International Deniss Kairāns.

Finnish medication prescriptions to be valid in Estonia

In Estonia, Finland's digital prescriptions of medications will be valid from summer 2018 and vice versa – from around mid-2019.

Talks commence on restoring ferry traffic between Ventspils and Saaremaa

On Wednesday, 22 November, a delegation from Saaremaa municipality arrived at Vetnspils Freeport to discuss with representatives of Ventspils municipality and freeport the proposal to restore ferry traffic between Saaremaa and Ventspils.

Family of killed Maltese journalist take police to court

The family of the killed Maltese journalist Daphne Caruana Galizia has sued police believing that it does not perform an impartial investigation.

Saeima reduces VAT for vegetables, berries and fruits typical for Latvia

Starting 2018, a reduced VAT rate will be applied for fresh fruits, berries and vegetables in Latvia. This is provided by amendments approved by the Saeima on 22 November for Law on Value Added Tax.

Georgian anti-terrorist raid ends tragically

In the Georgian capital Tbilisi, security officers have conducted an anti-terrorist raid in an apartment, where a shoot-out has started and three suspected militants and a special forces' soldier have been killed.

Jerošenko: Ušakovs offers unhealthy policy, Harmony is used as Lembergs’ «satellite party»

«Cooperation between Harmony and Aivars Lembergs’ Union of Greens and Farmers has always existed. It existed even before Harmony first appeared in Riga City Council. The situation is the same in the Saeima, even though Concord is in the opposition. Still, in situations when one or the other matter important to Lembergs appears, one does not have to be a great politologist to notice the ties between those parties...

Newest comments