TTY were looking to expand the ore capacity for the wharf in Darwin. Handy if the contracts are FOB.
I think if TTY's supply contract is FOB Darwin, then they will be liable for the demurrage charges if any of the ships are delayed in dock, and that would include reasons such as rejection of product prior to or during loading, because of quality, contamination, not meeting spec etc.
You think keeping a taxi waiting is expensive. Demurrage is a really quick way to eat into profits!
We can wait till MK buys the fleet built with TTY ore, and adds marine insurance division before we negotiate CIFFO.
TTY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
