Ship manager makes late payment of release P&I call

The former manager of a ship which had been sold received a debit note for the P&I release call.  The terms of payment of the release call were that failure to pay by a specified date would result in a substantial penalty.  The payment was received one day late and the P&I Club imposed the penalty on the owner.  The ship manager paid the difference and recovered from the Club.

You are currently offline. Some pages or content may fail to load.