close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Dubai’s ENOC ‘investigating’ Sri Lanka diesel cargo quality

dreamstime_s_23926099
0

June 30, 2013 11:22 by



Emirates National Oil Co (ENOC) said on Saturday a cargo of its diesel, which was returned by Sri Lanka on Thursday as below standard was inspected before shipment by an independent inspector.

Sri Lanka‘s oil minister said on Thursday ENOC had been removed from its approved supplier list after Ceylon Petroleum Corporation (Ceypetco) returned the 40,000-tonnes cargo, which he described as “not up to the required specifications”.

“The gas oil cargo for Ceypetco was loaded and dispatched from Jebel Ali, after the cargo was inspected and verified as conforming to contractual specifications by an independent inspector mutually agreed by ENOC and Ceypetco,” ENOC said in an emailed statement.

It added that a cargo inspection at the discharge port in Colombo found the fuel did not meet the specifications and that it was investigating the reason for the discrepancy between the test results.

Sri Lanka has had to import more refined products after Western sanctions on Iran have hit imports of the main crude used for the country’s only refinery, which has a 50,000 barrel-per-day capacity.

Ceypetco’s managing director said on Thursday the return of ENOC fuel would not cause a shortage.

ENOC and Sri Lanka have disagreed in the past about fuel cargoes.

The Dubai-owned oil company said in response to comments by Oil Minister Priyadharshana Yapa that it had paid compensation for a sub-standard gasoline cargo it provided in 2001 that complied with contractual specifications.

In August, Ceypetco took Vitol off its supplier list after it said the trader had supplied 20,000 tonnes of sub-standard diesel.

Vitol denied the allegations and said the cargo in question was tested in accordance with international standards by CPC inspectors before it was discharged.



0

Tags: , ,

Leave a Comment