SINGAPOREAN authorities have impounded three Iranian-owned ships for auction after their owners failed to repay a loan from a French bank, court documents showed on Thursday.
The German-registered vessels are 'Tuchal,' 'Sahand' and 'Sabalan'.
A check by The Straits Times on the High Court website on Thursday confirmed that the three vessels have been put up on a Sheriff's Sale. The three container vessels, each weighing more than 54tonnes, have been valued at more than S$5.5million. The forced sale has been scheduled for Dec 14.
Sheriff's sales are public auctions carried out on goods and property seized from owners who default on debts. The plaintiff was identified as Credit Agricole Corporate and Investment Bank, but the French lender's branch in Singapore and its lawyers had no immediate comment when contacted by AFP.
The ships are currently anchored off Singapore's southern coast in a holding anchorage pending the auction, the court documents showed.
The Islamic Republic of Iran Shipping Lines' chairman Mohammad Dajmar was quoted by Teheran's state-owned Press TV news network as saying the ships' seizure 'was not because of debt'.
-- AFP, ST
sigh.............yet another proof that S'pore Govt under the control of the same guys that control USA............
Originally posted by Asromanista2001:sigh.............yet another proof that S'pore Govt under the control of the same guys that control USA............
what proof is that?