Court orders arrest of Palau-flagged ship
The Madras high court, India has ordered the arrest of a Palau-flagged ship, anchored at V O Chidambaranar Port at Tuticorin, for non-payment of dues running to more than Rs. 78 lakh.
What happened?
Palau is an archipelago of over 500 islands, part of the Micronesia region in the western Pacific Ocean.
The ship – TB Parasea One – was carrying construction materials from Singapore to Male, and the vessel had serious mechanical troubles including water seepage through a hole in the ballast. It had to be sent for repairs by Mangalore-based Roy Lexim which had chartered the vessel for the trip.
Inability of the vessel to recover losses:
Owing to repair works and the inability of the vessel to carry the originally contracted quantity of 5,000 tons of materials, the company had moved the court for recovery of more than Rs. 78 lakh. Reports says, the money was to have been paid by the Dubai-based Paradigm Seastar Ltd.
Ordered to be seized:
On Monday, Justice P Velmurugan, passing orders on a civil suit filed by Roy Lexim, said the ship shall be arrested in the territorial waters of India at VOC Port in Tuticorin.
The vessel shall be seized with her hull, tackle, engines, bunker, machinery, paraphernalia and all her appurtenant in as is where condition, until March 13, is the judge said.
Did you subscribe for our daily newsletter?
It’s Free! Click here to Subscribe!
Source: Times of India
