It is not over yet for the many hundred carriers that these days find themselves thoroughly enmeshed in the aftermath of the OW Bunker bankruptcy a little over a year ago. Many of these have put their faith, as their last resort, in the UK Supreme Court's review of an ongoing case between the OW estate's trustees and a Greek shipowner.
The case concerns whether the carriers must make bunker payments to both the trustees as well as the physical supplier, and thus end up paying twice. So far, three separate courts in the UK have ruled in favor of the OW estate, but the country's Supreme Court has now agreed to speed up its treatment of the carriers' request to have the case tried at the highest and last available court, reports Danish business daily Børsen.
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