Fri, Sep 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodity trade contracts feel the crunch

Posted on 17 November 2008

From Moneycontrol.com: It isn t often that a simple switch of letters from USA to UAE can lead to a loss of over Rs 6 crore. But commodity traders in India are only too aware of how the global credit crunch is changing the rules of the game.

Suppliers and buyers are using any opportunity to renegotiate their contractual obligations, and in some cases, wriggle out of them entirely. Take the instance of Surya Alloys, a Kolkata-based company that was due to receive a 3,000-tonne shipment of ferrous scrap from Dubai-based Goldline Worldwide….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36995 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930