Indian Shri Lal Mahal Ltd. ltd. has the cr ore resources in Oman, My company closed 4000mt on CNF LIANYUNGANG USD 160/DMT on Aug.19^th 2010, the laest shipment date is Sept.20^th 2010.

Indian Shri Lal Mahal Ltd. ltd. told my company the quantity is not enough 4000mt, ask my company to decrease the quantity from 4000mt to 2500mt in the signed contract, my company agreed their requirement.

My company opened the LC on Aug.27^th 2010 according to the contract

My company amend the LC according to the requirement by Indian Shri Lal Mahal Ltd. ltd.on Sep.10^th 2010,to postponed the shipment date to be Oct.30^th 2010.

My company amend the LC according to the requirment by Indian Shri Lal Mahal Ltd. ltd.on Sep.27^th 2010, to change the loading port from “Salala Port of Oman” tobe “ANY SAFE PORT OF OMAN”.

My company pushed Indian Shri Lal Mahal Ltd. ltd. to arrange the shipment for many times, Indian Shri Lal Mahal Ltd. ltd. always said the shipment is under arrangement, but did not give any confirmed shipment date.

Indian Shri Lal Mahal Ltd. ltd. told my company the cargo will be arranged shipment within one week on Nov.2^nd 2010, but they did not do.

Indian Shri Lal Mahal Ltd. ltd. told my company the cargo will be arranged shipment by Nov.20^th 2010, but they said the shipment will have to be postponed again for their holiday on Nov.16^th 2010.

Indian Shri Lal Mahal Ltd. ltd. told my company the cargo will be arranged by Dec.10^th 2010, and said CCIC has taken the cargo for the inspection on Dec.8^th 2010, the testing result will be issued on Dec.12^th 2010, but the real situation is the have not been arranged again.

Indian Shri Lal Mahal Ltd. ltd. told my company the market price for this cargo has increased to usd 210, let my company to increase the price to usd 180, instead the price in the contract signed by both parties. The feedback of my company is: my company has no any fault in whole process of this deal, Indian Shri Lal Mahal Ltd. ltd. do not comply with the signed contract and the LC, my company ask USD15/MT as the compensation from Indian Shri Lal Mahal Ltd. ltd., Indian Shri Lal Mahal Ltd. ltd. told my company the cargo is under arrangement.

Indian Shri Lal Mahal Ltd. ltd. told my company the cargo has been arranged the shipment on Dec.22^nd  2010, Indian Shri Lal Mahal Ltd. ltd. has not sold any cargo to any other customer after this deal with my company in all over the world, hope my company can accept this cargo even Indian Shri Lal Mahal Ltd. ltd. has suffered lose. But my company insist the compensation of USD15/MT, Indian Shri Lal Mahal Ltd. ltd. said that they do not give compensation, only option of my company is to accept the cargo.

Indian Shri Lal Mahal Ltd. ltd. told my company they have booked the containers on Dec.24^th 2010, if my company do not accept the cargo, my company will have to pay the demurrage fee at Muscat port. My company still insist the compensation, there was no any feedback from the Indian Shri Lal Mahal Ltd. ltd. again.

The information about Indian Shri Lal Mahal Ltd. ltd.
S C Bhatia
Vice President (Overseas Operations & Banking)
Shri Lal Mahal Ltd.
(Govt. of India Recognised Star Trading House)
B-6, Bhagwan Das Nagar,New Delhi -110026 (India)
Mob: INDIA +91-9650911114, Muscat +968-97679077
Tel: 91-11-42787700 (30 Lines) Ext 207,Fax: 91-11-28316354,28315963
E-mail: bhatia@lalmahal.in, Web: http://www.shrilalmahal.org
Skype : scbhatia131

• [Editor:editor]