ABP Finance Plc - Immingham Oil Terminal - Agreement with Humber Oil Terminals Trustees Limited
August 14, 2013
ABP Finance Plc announces that, further to the previously disclosed litigation proceedings, Associated British Ports (ABP) has settled its dispute with Humber Oil Terminals Trustee Limited (HOTT) in respect of a number of related actions relating to certain leases at the Immingham Oil Terminal (IOT) and a new, long-term, commercial agreement for use of IOT has been reached between ABP and HOTT.
ABP Finance Plc further announces that litigation between the parties has now ceased; all costs matters have been resolved in the course of legal proceedings and no costs will be paid by either party to the other under the new arrangements.
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For further information, please contact:
Associated British Ports