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Trinidad report: Oil tanker is ‘not tilting’

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The Trinidad and Tobago government Thursday expressed satisfaction with a report by a team of its own experts that had found that the Venezuelan oil storage vessel, the FSO Nabarima, was not tilting in the Gulf of Paria as had been reported earlier.

Minister of Energy and Energy Industries, Frankling Khan, speaking at a virtual news conference here, said that the local team of experts had boarded the vessel, which is anchored in Venezuelan territorial waters on Wednesday and had submitted its report to the authorities here.

“I am very pleased, so too the government of Trinidad and Tobago through the Ministry of Foreign Affairs also that the report of the technical team has put a relatively positive perspective of what is transpiring out there.

“I know the nation has been very [anxious] and quite concerned and with just cause because an environmental disaster of the scale that was envisaged obviously would have hurt Trinidad and Tobago significantly”.

Khan said that the results of the team have indicated that “a genuine risk of that nature does not exist. However, we will continue to be vigilant in our communication with Venezuelan authorities  to make sure that the situation as we currently see it as of now and onwards, that they continue to monitor it in a very diplomatic way to make sure that nothing untowards accrue between the offloading of the vessel”.

“This is a matter under the jurisdiction of a sovereign state. We are a friendly neighbour with concerns, and I think we have been treated with respect and I expect Trinidad and Tobago also treats the Bolivarian Republic of Venezuela with due respect”.

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CARICOM and Foreign Affairs Minister Dr. Emery Browne had said earlier in advance of receiving the report Port of Spain has been in communication with the Guyana-based Caribbean Community (CARICOM) Secretary General, Irwin La Rocque and the Trinidad and Tobago-based Association of Caribbean States (ACS).

Barbados and Guyana have already said they were monitoring the situation.

Khan told reporters that the Trinidad and Tobago team had been met at the Cabinet level on their arrival on the FSO Nabarima and that they had been able to do a fly over before landing so as to ensure that the vessel was not tilting.

Khan said that the Venezuelans had been “upfront” with Port of Spain, reporting in September incidents that had occurred on the vessel, but that Caracas had also maintained that the situation had been properly rectified.

“All in all the team is very satisfied that the vessel has no tilt. The vessel was not taking in water and all the operating systems were functioning at a level that was acceptable,” Khan said, noting that in their report the experts had also concluded that the “FSO Nabarima, is upright and stable with no visible tilt and there is no imminent risk of it tilting, or sinking at this time.

“There is no water ingress on the vessel visible to the team. So the ingress of water that was reported in early September no longer exists . . . and tit was confirmed that . . . during the incident when the engine room was flooded there was no mixing of oil and binge water”.

Khan said that the oil did not leak adding “what this implies s that the double hulls on the vessel were intact and pose minimum risk of any oil spill at this time”.

He said the experts also confirmed that major maintenance is ongoing, pumps and electoral motors are being repaired and or have been replaced.

But the Minister of Energy and Energy Industries said that the team also recommended that the Trinidad and Tobago government should request of Caracas “that the technical team . . . should be asked to revisit the vessel in about a month’s time to make sure that everything remains as is so that there will be a continuity of monitoring”.

Last weekend, the United States, which has imposed a trade and economic embargo against Venezuela as it seeks to remove President Nicholas Maduro from office in favour of the opposition leader, Juan Guaido, said that it remained “concerned by the potential risk to safety and environment” posed by the, Nabarima.

“We strongly support immediate actions to bring the Nabarima up to international safety standards and avoid possible environmental harm, which could negatively impact not only the Venezuelan people but also those in nearby countries.  PdVSA has a responsibility to take action to avoid an environmental disaster in Venezuelan waters.”

Khan said that the FSO Nabarima had been anchored in Venezuelan waters for the past10 years and that media reports earlier this week had indicated that the Venezuelans had started to offload the vessel.

“There are reports based on the international shipping intelligence that two vessels have lined up alongside the Nabarima offloading its crude. This has been verified by the team,” Khan said, adding “what is happening as we speak is that there is a barge, where crude is pumped from the Nabarima into the barge (which) takes it to a tanker …which is under US sanction, which means that this tanker cannot leave Venezuelan waters, which means obviously that they are moving the crude …into another location in Venezuela, very likely on shore.

“The only challenge we saw to that is that because these vessels have small capacity, the barge only has a capacity of 30,000 and the tanker has a capacity of 300 000, it will take an inordinate long time to empty the vessel.

“We have calculated that it will take over 35 days. While the process of emptying the vessel is safe . . . but the extended period time which this activity will take will in fact pose some sort of challenge that we need to monitor and in that context we intend to ask Venezuela if they could get larger vessels to offload the crude . . . but obviously that would depend on the resources,’ Khan told reporters.

CMC

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]