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Insurer Gets $41M Trial Delayed Over Forged Ship Loan Doc
Law360, London (May 7, 2021, 6:33 PM BST) -- A judge on Friday postponed an upcoming insurance trial over a $41 million Libyan oil tanker seized by Bulgarian authorities in light of revelations that the vessel's owners forged a mortgage document in an attempt to prevent the boat from being detained.
High Court Justice Sara Cockerill rejected arguments from the ship's owners, Libyan Navigator Ltd. and General National Maritime Transport Co., that the trial could be split and claims related to the late disclosure dealt with later. She added that there was no clean split with the issues and the evidence.