Business

Ridley Terminals, Suncor headed to arbitration

After a lengthy period of inactivity, the court case involving Suncor Energy Inc. and Ridley Terminals has picked up again as the two sides proceed to arbitration over more than initially discussed.

On January 17 Suncor Energy Inc. took Ridley Terminals Inc. to court over RTI’s statement that it would no longer accept coal from Suncor without an anti-freezing agent in it, with the court ruling on February 2 that Ridley Terminals would be legally able to decline shipments from Suncor beginning on February 8. According to Court Services, that is the last filing until May 31, 2011 but the dispute between the two companies continued in the background.

The 2007 operating agreement indicates that disputes between the two parties will be determined by arbitration, which is where the issue is at presently. Suncor expanded the arbitration to include “Suncor’s entitlement to store cargo in the amounts which exceed its contractual entitlement” and “RTI’s refusal to accept frozen cargo”, but now the issue is back before the courts due to an inability to agree upon arbitrators. Suncor nominated Murray Clemens and RTI appointed Tom Braidwood as its nominee, while Murray Smith was appointed chair.

However, in a June 7 filing, RTI  raised concerns about Clemens’ “independence and impartiality” in the arbitration based on past dealings in which “the position taken by Mr. Clemens was adverse to the interests of RTI and supportive of another customer of RTI in a dispute over an arbitration arising out of a Terminal Services Agreement”. The company requested an order “revoking [Suncor’s] nominee as arbitrator, but on June 13 the court dismissed that

request.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Rocky year ahead for B.C. mining
 
Clark plans pitch to laid-off oil workers
 
LNG plans continue in 2015 despite oil slump
Hippie science is easy, and wrong
 
Bank of Canada cuts rate; Effect on cross-border shopping, homebuyers (VIDEO)
 
Familiar faces appointed to the Northwest Community College board table
Vernon’s ‘pie girl’ hopes to be next MasterChef
 
Cleanup begins at Skaha Marina
 
Jumping beans offers twist on cafés

Community Events, January 2015

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Jan 23 edition online now. Browse the archives.