Argentinian sailors re-claim impounded ship in Ghana
20 Dec 2012 08:37
ACCRA, GHANA: Nearly 100 Argentine sailors arrived in Ghana on Wednesday (19 December) to re-claim a naval ship held in the West African nation since October but ordered released by the UN.
Argentina's ARA Libertad was impounded at Tema port at the request of investment firm NML Capital, which says Buenos Aires owes it US$370m dollars.
Most of the crew was evacuated in October after a Ghanaian court rejected appeals for the ship to be released.
The Hamburg-based UN International Tribunal for the Law of the Sea last week ordered Ghana to release the vessel.
A Ghana ports spokesman, Lawrence Atumbine, said local agents acting on behalf of the Libertad had requested it be cleared for departure on Wednesday (19 December), but added the ship would remain docked pending an official order.
"We cannot take instructions from the agent, but we are awaiting for official directives, either from the court or the government," Atumbine said.
Argentina rescheduled and refinanced much of its debt following an economic crisis and massive default a decade ago, but bonds held by speculative funds such as NML, a subsidiary of New York-based Elliott capital Management, are among its unsettled business.
Source: AFP via I-Net Bridge
I-Net Bridge For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field. Go to: http://www.inet.co.za
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.