Futuristic yacht  in €15.3m claim

One of the world’s largest yachts has been held  in Gibraltar over a €15.3m admiralty claim filed by the German shipyard that built it.

The sleek, futuristic Sailing Yacht A attracted wide media attention when it sailed into port on Wednesday morning for what should have been a short refuelling stop.
But just hours after its arrival, lawyers for superyacht builder Nobiskrug filed a claim in the Supreme Court against the vessel’s “owners/charterers/operators” for breach of contract.
According to court documents, Nobiskrug says the final €9.8m payment of a shipbuilding contract between the yard and Valla Yachts Limited, the vessel’s Bermuda-based registered owner, was due on January 27 but has not been paid.

Nobiskrug is also claiming sums of €2.6m and €2.9m which, according to the court documents, are already the subject of a dispute between the yard and Valla Yachts over liability for sub-contractor invoices and disputed variation orders during the building process.
The total sum sought by Nobiskrug amounts to €15,298,297.05 [£12,748,581] plus interest, according to the claim filed by Triay Stagnetto Neish, the Gibraltar law firm acting for the yard.


The vessel’s three masts are the tallest and most highly-loaded freestanding composite structures in the world.



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Source : Chronicle Gibraltar