Hopes high among port operators with new Dispute Resolution Mechanism

  

A Conciliation and Settlement Committee (CSC) — an alternate dispute resolution mechanism newly set up by the Ministry of Ports, Shipping and Waterways to deliberate on contractual disputes between concessionaires, contractors, consultants, service providers and major ports for amicable resolution of issues — has achieved its first success.

On December 27, Chennai Port Authority and Chettinad Logistics Pvt Ltd signed a settlement agreement to end a decade-old dispute over a contract awarded to Chettinad in 2008 for installing a semi-mechanised closed conveyor system for coal handling at Jawahar Dock and its operation and maintenance (O&M) for three years.

The O&M contract, though, ended prematurely after the Madras High Court ordered Chennai Port to stop handling dusty cargo such as coal and iron due to environmental concerns.

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