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News / Legal/ Ethoz Capital seeks to reclaim debt from Singapore bunker supplier A Dot Marine

Ethoz Capital seeks to reclaim debt from Singapore bunker supplier A Dot Marine

14 Jan 2020
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A hearing between Singapore-based capital financing provider Ethoz Capital Ltd (Ethoz) and local bunker supplier A Dot Marine Pte Ltd (ADM) was held at the High Court of the Republic of Singapore on Wednesday (8 January).

Ethoz was seeking for debt repayment of approximately $953,000 from ADM, including a property as part of an Instrument of Mortgage arrangement entered in 12 September 2017, according to court documents obtained by Manifold Times.

The debt includes an additional Term Loan Facility Agreement entered in 15 August 201, and separate Deeds of Guarantee signed on 15 August 2017 and 11 September 2018.

ADM is currently an accredited bunker supplier operating at the Port of Singapore licensed for delivers of only marine gas oil (MGO) product.

 

Published:  14 January, 2020

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