Emas Offshore's PSV Charter Terminated
Singapore’s Emas Offshore has received a notice from Marina Aquata Shipping to terminate the bareboat charter for one of its leased platform supply vessels (PSVs).
The offshore services provider held by Ezra said that Marina Aquata Shipping terminated the bareboat charter of the Lewek Avior PSV.
"Ezra Holdings Limited has issued a Guarantee and Indemnity dated 26 April 2011 as guarantor in favour of the Owner in respect of EOPL’s obligations under the Avior Charter. Marina Aquata Shipping alleged, inter alia, in the Avior Notice of Termination that various termination events and breaches of material obligations and representation or warranty of the Avior Charter caused by EOPL and/or Ezra have occurred and are continuing," said a press statement.
Marina Aquata noted that EOPL voluntarily elected to redeliver the Vessel to the company on 18 February 2018 and the company agreed to work with EOPL to accept delivery on the same date. Marina Aquata also noted that the redelivery of the Vessel was accepted without reservation by Ezra.
Marina Aquata stated in the Avior Notice of Termination that, inter alia, the Avior Notice of Termination constitutes written notice of withdrawal of the Vessel from EOPL’s service and termination of the Avior Charter with immediate effect and EOPL shall pay or reimburse the company on demand all losses (as defined in the Avior Charter).