bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Friday 17.01.2020 | Name days: Tenis, Dravis
LatviaLatvia

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

FaceBook
Twitter
Draugiem
print
(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

FKTK lists exceptions in which banks are allowed to service Aivars Lembergs

Latvian Finance and Capital Market Commission has listed cases in which Latvia’s finance market participants will be allowed to service Aivars Lembergs, who is subjected to US OFAC sanctions and accused of serious crimes, and three organizations associated with him – Ventspils Development Agency, Business Development Association and Latvian Transit Business Association.

Appropriate jobs promised for laid-off LDz workers

Latvian State Employment Agency promises to find appropriate jobs for laid-off Latvian Railway workers. If need be, those people will be provided the opportunity for re-qualification, raise their qualification or train for a new profession, as confirmed by the agency’s representative Signe Bierande.

Bordāns selects potential candidates to lead the Supreme Court and Prosecutor General’s office

I can see people who could take the reins over the Office of the Prosecutor General and the Supreme Court and change their work standards, Latvian Justice Minister Jānis Bordāns told TV3 programme 900 seconds when asked about any potential candidates to lead those institutions.

Ukrainian Prime Minister ready quit after leaked voice recording

Ukrainian head of government Oleksiy Honcharuk has offered to resign following the circulation of an audio recording, where criticism of Ukrainian President Volodymyr Zelenskiy and his knowledge in economy is voiced.

Inflation in Latvia reportedly higher than Europe’s and Eurozone’s in December

In December 2019 inflation in Latvia was higher than the average in the European Union and Eurozone, according to information published by Eurostat on Friday, 17 January.

Estonian population growth continues in 2019 due to immigration

Estonia has registered in 2019 population growth for the fifth consecutive year and it can be explained with immigration not with natural growth, according to preliminary data released by Statistics Estonia.

BNN investigation | Raunas street property: quiet assistant with a «secret wallet» for Lembergs

There are suspicions that Aivars Lembergs, subjected to international sanctions, has sold real estate located on Raunas Street 27 in Riga to his sister «on paper only». This may have been done to avoid confiscation of properties in the event of a guilty verdict or a possible arrest over the real estate property. However, it is possible Lembergs maintains full control over this real estate property and, most likely, the property is used to fatten his wallet on a regular basis.

Audit: majority of Latvian housing stock has degraded to a state of a slum

Since the denationalization effective access to housing security in Latvia does not exist and most of the housing stock has degraded up to a state of a slum, as concluded by the Latvian State Audit.

Prime minister affirms possibility of carrying oil supplies for Belarus through Latvia

During his meeting with Belarusian President Aleksandr Lukashenko on Thursday, 16 January, Latvian Prime Minister Krišjānis Kariņš affirmed that oil supplies for Belarus may be possible using Latvia’s ports.

Rain in Australia provides relief to continuing fight against bushfires

In eastern Australia, which has been suffering in prolonged and disastrous bushfires, heavy rain has been falling for the past 24 hours.

Weather to remain warm in Latvia at week’s end

At the end of the week the sky in Latvia will become clear and the sun will shine. No precipitation is expected. However, a low atmospheric pressure area will approach the country from the west during weekends, as reported by Latvian Environment, Geology and Meteorology Centre.

GKR helps overthrow Riga’s vice-mayors and put an end to ruling coalition

Riga City Council vice-chairperson Anna Vladova and deputy Druvis Kleins lost their respective posts at an extraordinary meeting on Thursday, 16 January. This happened because multiple deputies from Honour to Serve Riga voted together with the opposition in favour of dismissing them.

Latvian Railway plans to lay off 1 500 employees

Latvian Railway plans to terminate labour relations with approximately 1 500 employees before the end of 2020, as reported by the company’s representative Ella Pētermane.

Russian State Duma approves Putin’s new Prime Minister

The Russian State Duma has approved on Thursday, January 16, the candidacy of the country’s next Prime Minister appointed by Russian President Vladimir Putin.

Ventspils opposition invites Pūce to act to prevent US sanctions from spreading to city council

Environment Protection and Regional Development Ministry and especially Juris Pūce have to act to resolve the current state of Ventsils City Council. It should be dismissed, as the municipal government does not have moral, ethical or legal foundation to continue managing and implementing the criminal management’s policy, according to Ventspils City Council opposition deputies.

Trade unions urge Latvian government to resolve transit businesses’ blocked bank accounts problem

Multiple trade unions associated with the transit industry have turned to Latvia’s highest ranking officials with a request to resolve the situation with bank accounts of multiple transit companies having been blocked because of US sanctions against Aivars Lembergs. If the government does not act, trade unions promise to organize massive protests.

Anris Leimanis picked as RB Rail council chairman

Anris Leimanis, independent council member from Latvian shareholder, has been picked as Rail Baltica joint Baltic company AS RB Rail council chairman. Ahti Kuningas and Karolis Sankovskis will serve as vice-chairmen, as confirmed by the company.

CSP: number of residents at risk of poverty declines in Latvia

In 2018 a total of 434 thousand persons or 22.9 % of the population of Latvia were at risk of poverty – 0.4 percentage points less than in 2017.

Latvian Saeima to ask Denmark to not extradite Kristīne Misāne to South African Republic

On Thursday, 16 January, Latvian Saeima made the decision to protect the rights of Latvian citizen Kristīnes Misāne, asking the Danish parliament and Danish law enforcers to support their Latvian colleagues and find a solution to avoid extraditing her to the South African Republic, as reported by Saeima’s press-service.

Smiltēns: Riga City Council’s situation can be described – divide, redistribute and plunder

«The situation in at Riga City Council can be described with three words – divide, redistribute, plunder,» said leader of Latvian Association of Regions Edvards Smiltēns in an interview to LTV programme Rīta panorama on Thursday, 16 January.

One single vote left the Lithuanian election system intact

The understanding that Lithuania’s election system needs changes is nearly overwhelming, but the ruling Farmers and Greens’ attempt to lower the Parliament election threshold in parties’ multi-member constituency from current 5 per cent to 3 per cent suffered a setback this week.

Estonian power grid executive detained over bribery suspicion

The Estonian Internal Security Service has detained a board member of the Elektrilevi power grid operator over suspicion of taking a bribe.

Demographer: Latvia has the lowest birth rate level observed the past decade

Birth rates continued to decline in Latvia in 2019. The lowest level of the past decade was reached in the country last year, says demographer Ilmārs Mežs.

Healthcare Ministry proposes single social fees rate for specialized tax regimes

One percentage point social fee rate for healthcare will be applied not only to general tax regime participants but also those working in special tax regime, such as microenterprises, patent payers and royalty recipients, according to a proposal for Latvian Healthcare Ministry.

U.S. and China reach preliminary trade agreement

Easing the U.S.-China trade conflict the governments of the two countries have agreed on the first step of mutual trade reconciliation. Their disagreements have affected the world economy for the past few years.


Do NOT follow this link or you will be banned from the site!