Seized Ship Owners In $41M Suit To Hand Over Mortgage Docs

Law360, London (April 3, 2020, 6:04 PM BST) -- A judge on Friday ordered the owners of a cargo ship seized with allegedly forged documents to give Libya Insurance information related to mortgages on the ship and discussions with lenders, but rejected the insurer’s calls for wider disclosure in the $41 million suit.

Friday’s High Court hearing focused on the scope of disclosure to be given by the claimants, Libyan Navigator Ltd. and the General National Maritime Transport Co., specifically information that might relate to its claims that an apparent mortgage on their vessel had been forged by an unknown entity.

The owners of the tanker Badr told the court...

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