Intan Offshore terminates AHT charter with Emas. Threatens legal action
Malaysian offshore support vessel owner Intan Offshore has canceled an anchor handling tug charter deal it had with Emas Offshore.
Intan Offshore, a 51% subsidiary of Malaysian offshore services provider Perisai, in 2014 bought the Lewek Robin vessel for $7 million and then chartered it to Emas Offshore in March of the same year.
According to Perisai, Intan on August 22, 2019, notified Emas Offshore that the charter agreement for the Lewek Robin would be terminated. Moreover, Intan said it planned to start legal proceedings against Emas seeking charter payments owed.
Perisai said that Intan would go to court unless Emas provided “full payment of the outstanding sum of USD3,242,824.00….within fourteen (14) days from the date of the [termination] notice.”
“[Intan Offshore ] has the rights to repossess the vessel upon the termination of the Charter Agreement pursuant to Clause 29 of the Charter Agreement. On 19 September 2019, [ Intan Offshore] issued a Letter of Termination of the Charter Agreement with immediate effect to [Emas Offshore] as [Intan Offshore ] did not receive any response from [Emas Offshore],” Persiai said on Friday.
The Lewek Robin, built in China in 2007, is an anchor handling tug & fire-fighting vessel designed to service and tow drilling units and support production platforms. With a 240m2 deck area, it has a bollard pull of 61 tons and 80 tons anchor handling capacity.
The Lewek Robin can accommodate a crew of 20 and is specially equipped for fire-fighting, safety standby operations, and emergency evacuations.
Emas seeking judicial management
Emas submitted the application to the court on July 19, 2019. During the period between the judicial management application, and the placement under judicial management – or the dismissal of the application, the company said it would be protected by a moratorium.
The moratorium will prevent any resolution or order for the winding up of the company and will prevent any steps to enforce any charge on the company’s property or goods in Emas’ possession.
No other proceedings, no execution, or another legal process would be started or continued, and no distress could be levied against Emas or its property except with leave of the court, Emas said at the time.
Offshore Energy Today Staff
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