Westshore Terminals receives Court of Appeal decision

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\nVANCOUVER, April 15 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)\n(the "Fund") announced today that it has received the decision from the\nCourt of Appeal for British Columbia concerning the appeal by Elk Valley Coal\nPartnership of the arbitrator's decision covering the contract for coal\nshipped from the Elkview Mine. The Court of Appeal has ruled that no appeal\nlies from the arbitrator's decision. The arbitrator's decision was rendered in\nJuly 2006 in favour of Westshore. The arbitrator determined that there was no\nbasis on which to order a revision in the rates. Accordingly, the formula for\ndetermining the loading rate which has been in force under the contract since\n2000 continues for the remaining term of the contract to 2010.\n\n\n","length":814,"tagName":"div"}]

More updates from Westshore Terminals Investment Corporation