BELIZE CITY–The Caribbean Court of Justice (CCJ) will hear the final appeal in a contract dispute between Belize Natural Energy and Maranco, which had been hired to work for Belize Natural Energy in the early stages of its operation here, particularly in relation to the onshore drilling contracts of May 1, 2008.

Court documents indicate that a dispute arose under the contracts between the parties concerning the amount of demobilization fees, the daily rates and damages payable to Maranco for alleged breaches of the contracts by Belize Natural Energy.

The Supreme Court decision made by Justice Oswell Legall in August 2011 indicates that the substantive award of US$1,207,800 has been settled but since that ruling, the parties have been at loggerheads over the settlement of court costs, amounting to US$211,069.57.

Eamon Courtney, SC, attorney for Maranco, said that the Court of Appeal upheld the Legall ruling, and the dispute over the settlement of costs now goes for appeal at the CCJ. The CCJ plans to hold case management sessions tomorrow, Tuesday, October 28, 2014, 9:00 a.m. Belize time, via video conference.

BNE has applied to the court for it to remit or set aside the award for costs by the arbitrators.