Orissa high court orders sale of foreign vessel at Paradip port over unpaid ₹8 Crore dues
MV Ya Karim, a bulk carrier registered under a foreign flag, had been at Paradip Port for cargo operations when the dispute arose.
Stay updated with the latest news and articles about Paradip Port.
MV Ya Karim, a bulk carrier registered under a foreign flag, had been at Paradip Port for cargo operations when the dispute arose.
Industry experts note that such arrests, while relatively rare, highlight the importance of adhering to international maritime agreements and contracts.
The conflict arose over unpaid dues linked to port services rendered during the vessel's previous calls. Reports suggest that the outstanding amount has accumulated to a substantial figure, prompting the authorities to take this drastic measure to secure payment.