Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Otto Marine seeks payment over unpaid charter bills

Otto Marine seeks payment over unpaid charter bills
Singapore’s Otto Marine has made a claim against Robert Knutzen Shipholdings Ltd (RKSL) and its guarantor Robert Knutzen over charter payment default of two vessels.

Otto Marine entered into the bareboat charter agreement on 15 January 2009 with RKSL in respect of the two vessels.

“RKSL has been in default of the charters for an aggregate principal outstanding sum of $2,834,471.56 plus the applicable interest for overdue payment,” Otto Marine stated.

The offshore services provider said it is working closely with its lawyers including the commencement of legal proceedings against the counterparties and to enforce the company’s rights under the bareboat charterparties.