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MISC
is to seek $500,000 in damages from Equatorial
Marine Fuel Management Services after a US Court
ruled the bunker supplier had no right to arrest
one its vessels. The US court of appeal upheld a
District Court ruling that Singapore-based
Equatorial Marine had no basis for an admiralty
action against MISC as the Malaysian company had
not entered into a bunker supply contract with
it.
In April 2008 Equatorial Marine arrested the
MISC vessel Bunga Kasturi Lima in Long Beach
claiming it had not received payment for $22m in
bunker deliveries.
“This much awaited decision is warmly welcomed,
as no physical supplier can now arrest vessels
without presence of proper legally binding
contract supported by sufficient evidentiary
documents, causing grave commercial strain on
ship owners," MISC said.
MISC is seeking $500,000 in damages caused as a
result of the arrest of the vessel. |
