Port Hamilton Says it is Owed Millions by Ocean Point For Use of Equipment, Seeks Compensation Through Quantum Meruit Claim

Port Hamilton Refining & Transportation is striking back at Ocean Point Terminals, filing a counterclaim in an ongoing court battle over alleged breach of contract.

In 2022, Limetree Bay Terminals filed for damages against Port Hamilton, claiming that the latter had failed to pay millions of dollars owed for services provided by Limetree whose cost was supposed to have been shared by both parties. By the time an amended complaint was filed in April 2023, Port Hamilton’s debt to the company which had by then rebranded as Ocean Point Terminals stood at around $9 million.‌

In answer to the claims from Limetree Bay Terminals/Ocean Point Terminals, Port Hamilton argued that the services provided under the agreement were not up to par, overpriced, and improperly charged.

On Friday, Port Hamilton filed a counterclaim in the lawsuit, arguing that it is in fact Ocean Point who owes Port Hamilton and not the other way around. In the eight-page document, Port Hamilton first seeks to explain how Ocean Point gained control of equipment that allegedly rightly belongs to the new owners of the refinery.