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Trans-Tec proposes USD 253,000 settlement for “Thorco Lineage” grounding

11 Nov 2019

World Fuel Services (WFS) marine fuel brokerage subsidiary Trans-Tec International S.R.L. (Trans-Tec) on Wednesday (6 November) proposed to the U.S. Court a final summary judgement to settle claims by Singapore-based TKK Shipping, show legal documents obtained by Manifold Times.

The claims relate to damages suffered by the TKK Shipping owned general cargo ship Thorco Lineage on 24 June 2018 due to engine failure as a result of alleged ‘improper marine fuel’.

Bomin Bunker Oil Corporation (Bomin) has claimed it supplied ‘on-spec’ marine fuel to the Thorco Lineage, and further stated “TKK assumed the risk” when initially finding out the fuel had issues and continued using it.

In the latest development, Trans-Tec highlights it, “does not admit that the fuel was off specification, contaminated, or caused the engine failure of the Thorco Lineage, but in an effort to end protracted litigation, and for the purposes of this motion only, consents to entry of final summary judgment.”

Trans-Tec noted its contract with TKK Shipping has already stated that TKK’s damages “SHALL NOT EXCEED THE PRICE OF THAT PORTION OF THE PRODUCT SOLD HEREUNDER ON WHICH LIABILITY IS ASSERTED…”

As such, Trans-Tec alleges its maximum possible damages by operation of law in the current case to be $253,402.56.

Related: TKK Singapore vessel grounded due to alleged ‘improper marine fuel’
Related: Bomin Bunker Oil claims it supplied ‘on-spec’ bunker fuel to Thorco Lineage
Related: Thorco Lineage grounding: Bomin claims TKK ‘altered’ fuel, vessel ‘unseaworthy’

Photo credit: Marine Nationale
Published: 11 November, 2019

 

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