Seroja Investments’ Vessel Served with Arrest Warrant

first_imgSeroja Investments Limited informed that its vessel under joint venture company Seroja Zhushui 5 Shipping Limited (SZ5SL) was served on 21 October 2014 with an arrest warrant by Conirma Marine S.A. (CMSA).Seroja Zhushui 5 Shipping Limited entered on 25 July 2014 into a memorandum of agreement (MOA) for the sale of its panamax vessel, Zhushui 5, to CMSA.“CMSA did not take delivery as obliged under the terms of the  MOA and further alleged that the vessel had deficiencies deemed unfit for delivery,” Seroja Investments Limited said in a release.According to Seroja, SZ5SL has requested for surveyor from Lloyd’s Register to inspect the vessel and was issued a clean report by the surveyor which is contrary to the allegations by CMSA that the vessel is unfit for delivery.“SZ5SL is currently seeking legal advice and intends to take steps to void the arrest warrant and defend any claims that CMSA may subsequently filed,” the release read.The company stressed that the arrest warrant is not expected to have a material impact on its financial position and that of its subsidiaries for the current financial year ending 31 December 2014.Press Releaselast_img read more