GC Rieber subsidiary cleared of negligence

GC Rieber subsidiary cleared of negligence

A 9m ($9.8m) claim against GC Rieber’s subsidiary Armada Seismic Invest II was dismissed by the Bergen district court on Thursday.

The claim was filed in June 2012 by Arrow Seismic Invest II, now known as PGS Geophysical (UK), which alleged Armada acted negligently when it took delivery of seismic vessel Polar Duchess (then hull 533) in October 2011.

Armada has been awarded full legal fees in the amount of NOK 3.4m ($390,000). The decision may be appealed.

Arrow had a pending second priority attachment over the shipyard’s claim for payment at the time of the vessel’s delivery, and said Armada’s payment was made to the wrong party when the first priority mortgagee was paid.

When the claim was filed, Armada said it “made the payment in good faith on basis of thorough documentation and in accordance with ordinary security law”.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

Related Posts