Local attorneys for Trinidad and Tobago firm Commissiong and Company Limited have issued a demand letter to the Guyana Oil Company (GUYOIL) for payment of over GY$80 million for materials acquired and work done under a now aborted agreement as well as for an estimated loss of profits.
The law firm of Nandlall and Associates sent the letter on behalf of Commissiong to GUYOIL Legal Officer Ilissa McTaire-Jones and requested payment to the company in full, failing which it said legal proceedings would be initiated for recovery.
GUYOIL in October terminated three contracts it had entered into with Commissiong, citing its failure to provide an acceptable “unconditional bank guarantee” as required by their contracts. The contracts included one entered into in May for the supply, fabrication, and erection of two (2) 10,000 US Gallons Storage Tanks at the GUYOIL Terminal at Providence.
