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Reflections on OW Bunker
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…