KUALA LUMPUR (Sept 19): Perisai Petroleum Teknologi Bhd has issued a notice to Emas Offshore (M) Sdn Bhd (EOM) to terminate a charter agreement with immediate effect.

On Aug 22, Perisai said it had given a 14-day notice to EOM notifying that the charter agreement would be deemed terminated unless full payment of the outstanding sum of US$3.24 million (RM13.58 million) was received from EOM.

Perisai said it had proceeded to issue the letter of termination of the charter agreement as the company did not receive any response from EOM.