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New Terminal Operating Agreement and Transitional Arrangements in Place for 2017 Season

Wednesday, 07 June 2017

Sugar Terminals Limited (STL, NSX: SUG) and Queensland Sugar Limited (QSL) today signed a strategic Operating Agreement and agreed transitional arrangements for the operation of Queensland’s six bulk sugar terminals for the 2017 sugar season.

Key elements of the Operating Agreement are as follows:

The agreement will commence on 1 July 2017 and includes transitional arrangements to deal with 2017 season sugar received prior to 1 July 2017.

The agreement will have an initial five-year term, with a three-year rolling term thereafter.

Marketers and terminal users, including QSL, will contract directly with STL for terminal access.

QSL has agreed to “ring fencing provisions”, similar to those in place in other industries, to ensure its Logistics Division and Marketing Division are managed and operated separately, thus addressing industry concerns about confidentiality and conflicts of interest. 

Click here to read the announcement in full.