THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications
Thursday, February 22, 2001
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Logistics

Shipping
Flag conversion clause for Petronet LNG shipping deal -- Bankers seek norm relaxation
GLOBAL investment banks looking at funding the proposed $400 million LNG ship building deal for Petronet LNG Ltd (PLL) have said that `one year post-introduction of tonnage tax' would be an impossible time frame for converting the vessels from foreign fl ag to Indian flag.

Essar's Vadinar crude terminal to begin operation from May
COME May and Essar's crude oil terminal at Vadinar (Gujarat), complete with SBM and storage facilities, will be ready for operation.

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