U.S District Court Orders Sale of Cargo Ship

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legal

The U.S. District Court for the Northern Marianas has ordered the sale of controversial cargo ship M/V Luta.

What happened?

The ship was ordered to be sold, citing its expensive upkeep and the delay in securing its release.

Designated judge Frances M. Tydingco-Gatewood approved the vessel’s sale with a minimum bid amount of $US550,000 and ordered the US Marshal to sell the ship on 8 February.

Japan sues operators of the ship:

Japanese investor Takahisa Yamamoto is suing Lt. Gov. Victor Hocog and the owner/operators of M/V Luta for allegedly refusing to pay back the $3.4 million that he put up for the vessel.

The defendants in the lawsuit have suggested that a sale would be unnecessary if the vessel were released into their custody.

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Source: Saipan Tribune

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