ING loses fundamental OW Bunker case

A US court has ruled against major Dutch bank ING in a fundamental case regarding the right to demand payment from carriers which owed OW Bunker money for fuel. This ruling contradicts the landmark ruling from the UK Supreme Court, the so-called Res Cogitans case.

None of the vessels in the photo are involved in the case. Photo: OW Bunker

BY NIKLAS KRIGSLUND

Published: 26.10.16 at 09:40

Major Dutch bank ING has lost a US court case regarding claims for OW Bunker's outstanding debt in the US.

The lawsuit was filed against a number of carriers and constitutes a matter of principle to set precedent for similar cases, which the bank has filed in other US courts, where ING is trying to obtain money for unpaid bunker bills. These cases are now at risk of being discarded.