Clipper Faith facing sale after bank and crew claims

May 12, 2013 at 02:58 by Mikhail Voytenko in Accidents

In March 13 general cargo vessel Clipper Faith was arrested in Dublin after a claim against owner by Amsterdam Trade Bank, which holds a mortgage over the vessel, wrote The Irish Times. As it came out, Bank wasn’t the only one creditor, the crew claimed unpaid wages of some $320,000, too. Mostly Russian and Ukarinian 17 crew claimed they weren’t paid since late 2012. Bank intended to apply to the court to have the crew’s interest in the ship assigned to it. Should the High Court grant that application, the bank would pay the crew’s outstanding wages and costs of their repatriation. The bank’s proceedings against the owners are pending before the High Court.

Lawyers for the owners opposed an order allowing the vessel to be sold on grounds including it would interfere with their property rights. While the crew were owed some $320,000 plus, the ship was worth more than $9.5 million.

Judge agreed to put a stay until May 14 pending any appeal to the Supreme Court.

  Clipper Faith facing sale after bank and crew claims

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