TRADEWIND Voyages’ Golden Horizon is sailing again, after it was detained in Dover on Thu (CW 16 Jul). Golden Horizon was involved in a complex financial dispute with Brodosplit Shipyard in Croatia, where the vessel was originally built for Star Clippers (CW 03 Jan 2020). “In Jul 2019, Brodosplit Shipyard...
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TRADEWIND Voyages’ Golden Horizon is sailing again, after it was detained in Dover on Thu (CW 16 Jul).
Golden Horizon was involved in a complex financial dispute with Brodosplit Shipyard in Croatia, where the vessel was originally built for Star Clippers (CW 03 Jan 2020).
“In Jul 2019, Brodosplit Shipyard first offered a “buyers supply” payment, followed by several offers more, but each time it was declined,” Tradewind said.
“Finally, on 14 Jul 2021, at the request of the ship owner, the Courts allowed the establishment of a Court Deposit to pay buyers supply after the mortgage was taken out.
“This meant that a mortgage ceased to exist (the reported proceedings commenced a day after the opening of a Court Deposit).”
Tradewind said the payment was offered voluntarily, as evidenced by the opening of a Court Deposit.
Golden Horizon has since continued her voyage, “free of mortgage”, Tradewind said.
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