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Saturday 21.10.2017 | Name days: Severīns, Urzula

Ventbunkers doubles its handled cargo volume

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In March 2013, Ventbunkers handled twice as much oil products it handled in 2012.

ScreenshotThe company transshipped 455 thousand tons of oil products, which two times exceed the cargo volume handled in the same month of the previous year. A total of 1.13 million tons of oil products was handled by Ventbunkers this year, which is 44% more than there was last year, Ventbunkers press-secretary Zane Vaitkuse reports.

The increase of the volume of handling cargo is only logical, Chairperson of the Management Board of Ventbunkers Eva Cinina notes. She adds that the terminal has yet to reach its maximum output.

It should be added that VBU plans to carry out 21 shareholder meetings in the period between April 15 and May 15 2013. This will be done in order to avoid any illegitimate decisions from minority shareholders or even other unrelated third parties or legal persons that want to add changes to the composition of the Management Board and Supervisory Board of VBU using lies and deceit, the company notes.

As an example of the flawed legislation, the VBU Chairperson mentions that the Enterprise Register accepts changes based on how correctly the paperwork is filled in, not based on the legality of the submitted documents.

Cinina also noted that certain countries of Europe employ specific actions in such situations. In order to prevent attempts of illegal takeover, any interested party is able to inform the Enterprise Register about the possible illegitimacy of the submitted document. In such an event, the registration of the document is delayed, while the party that reported the possible violation is given time to turn to the court. The judge then decides whether a document is authentic or whether the submission of the document had violated the law.

An emergency VBU shareholders meeting was held on February 11. During the meeting, a new Supervisory Board of VBU was selected. Janis Gobins, Franz Harrand, Ivars Landmanis, Gints Laivins-Laivinieks, Janis Berkis, Martins Ribens and Igor Lyashko were appointed as members of VBU Supervisory Board. The Supervisory Board currently has six members, because Igor Lyashko declined to be a member of the Supervisory Board.

Following the February 11 meeting, changes were added to the Management Board of VBU. The Board now consists of Eva Cinina, Sergei Ilyashenko, Edgors Ceporus and Sergei Shevcov.

VBU prepared and submitted the necessary documents tot he Enterprise Register for official registration, but the election of a new Supervisory and Management Board was not registered, because the commercial register has a note saying that changes are not to be registered without consent from Topmar Baltic Investments. Company representing interests of Oleg Stepanov declined to give its consent for the registration of changes at the Enterprise Register.

However, in accordance with Section 284 of the Commercial Law, decisions of shareholders meetings in regard to the members of the Supervisory and Management Board are considered effective at the moment of decision, unless the decision’s coming into force is set by some specific legislative regulation. Information about the changes to the Supervisory and Management Board of VBU was published on February 20, 2013 in the official edition of Latvijas Vēstnesis (Latvian Herald), so that third parties would not have any misconceptions about the composition of VBU’s Supervisory and Management Board.

AS Ventbunkers was founded in 1994. It is situated in Ventspils Free Port. The terminal mainly secures oil product handling from railway cisterns. The total capacity of AS Ventbunkers can reach 7 million tons per year.


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