A vessel detained at Bulgaria’s Port of Burgas since November over an alleged unpaid mortgage has seen its owner face losses of US$20,000 per day with no end in sight to the legal process
A vessel detained at Bulgaria’s Port of Burgas since November over an alleged unpaid mortgage has seen its owner face losses of US$20,000 per day with no end in sight to the legal process. Libya-based state-owned General National Maritime Transport Company (GNMTC) denies it owes a US$9.23m mortgage on crude oil carrier Badr to Bulgarian-based oil and gas contractor Bulgargeomin but despite providing evidence the mortgage is falsified the vessel has yet to be released. More at www.portstrategy....
