Reflections on OW Bunker

The problem for Owners/Charterers – double payment

  • OW Bunker insolvency late last year.
  • OW debt had been assigned to ING.
  • Bunkers purchased from OW entities remained unpaid at date of insolvency.
  • Bunkers sold by physical suppliers up the chain to OW. Physical Supplier (PS) remained unpaid…
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