OW Bunker Holds Maritime Liens In Payment Row, Judge Says
Law360, New York (January 9, 2017, 8:33 PM EST) -- A New York federal judge ruled Monday that entities of bankrupt Danish marine fuel supplier and trader O.W. Bunker AS hold maritime liens over fuel bunkers supplied to various vessels, determining that two oil companies that physically delivered the bunkers hold no liens with dibs on getting paid.
U.S. District Judge Valerie E. Caproni parsed out O.W. Bunker entities' various back-to-back contracts with vessel owners and charter companies to determine how to apply the Commercial Instruments and Maritime Lien Act and circuit precedent to establish who among the dueling companies gets dibs on the payments for marine fuel supplied to a...
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