• BIST 102.889
  • Altın 148,708
  • Dolar 3,5392
  • Euro 4,1802
  • İstanbul 23 °C
  • Ankara 22 °C

Murmansk Shipping Sued by Arctic Mining Company

Murmansk Shipping Sued by Arctic Mining Company
Russian Murmansk Shipping Company (MSCO) is being sued by Arctic Mining Company, which is asking for the return of an advance payment related to a shipping contract from 2015.

Arctic Mining Company requested the termination of the dry bulk cargo shipping contract signed between the duo in 2015, as the rates were described as being too high.

As a result, the company is demanding from MSCO a total of RUB 382 million (USD 6.5 million), the remaining part of an advance payment which the shipping firm refused to return.

As a response to the claim of Arctic Mining Company submitted to the country’s arbitration court, MSCO said it is forced to act according to the right granted to carriers by the Code of Merchant Shipping of the Russian Federation and require Arctic Mining Company to pay half of the entire amount for cargo shipping.

MSCO added it will soon file a counterclaim, including the demand to recover USD 296.9 million.

A preliminary court hearing for the case will take place on March 28, Russian IAA PortNews informs.

MSCO carries out the major part of shipments under the Russian flag in the Russian sector of the Arctic.

This news is a total 298 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • ICTSI to operate two poerts in Papua New Guinea25 September 2017 Monday 17:03
  • Diamond Offshore in negotiations for Chinese drillship25 September 2017 Monday 16:01
  • GC Rieber Shipping secures CSV extension25 September 2017 Monday 15:16
  • Cochin Shipyard plans dramatic expansion across India25 September 2017 Monday 14:49
  • Iran and Kazakhstan from shipping JV25 September 2017 Monday 14:05
  • DP World, Suez Canal to Build Egypt El Sokhna25 September 2017 Monday 13:23
  • Transocean Retires Six Floaters25 September 2017 Monday 12:46
  • Navy to Change USS Fitzgerald’s Homeport to Pascagoula25 September 2017 Monday 12:19
  • Twice-Rejected U.S. LNG Exporter Tries Again25 September 2017 Monday 11:36
  • Water and Sand Weighing Down Casino Ship25 September 2017 Monday 00:02
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |