Otto Marine begins lawsuit against RS Marine
Monday, July 25 2016 - 02:41 AM WIB
SGX-listed Otto Marine Limited announced Monday that its shipyard subsidiary in Batam (Indonesia), PT Batamec, had, on July 23 commenced proceedings in the High Court of Singapore against and caused the arrest of, the vessel Ratna Blessing, which is registered under RS Marine Investments Pte. Ltd., a company owned by Rakesh Shankarlal Tulshyan, for unpaid ship repair related charges.
The firm said in a statement that PT Batamec rendered repair services at their yard in Batam to the vessel between December 13, 2015 and March 21, 2016.
Otto Marine said partial payments for the services were effected but various outstanding charges remained. RS Marine Investments Pte. Ltd. failed to make payment for the remaining charges despite reminders. In the circumstances, PT Batamec was constrained to commence legal action against the Vessel to recover the outstanding charges.
"Both PT Batamec and the management of the company are working closely with the group?s lawyers to take all necessary actions to enforce PT Batamec?s rights against the vessel as well as protect the interests and assets of the group," it said.
Editing by Reiner Simanjuntak