HCI Funds Platform Supply Vessels

Agreed Charter can charterer 4 platform providers pay no more bad news for investors in the year 2008 about 30 million in the four HCI platform provider PSV, Hellespont daring, PSV Hellespont dawn, PSV Hellespont defiance and PSV Hellespont drive have invested. The charterer, the Sanko steamship from Japan, is in serious economic problems. Threatens the total failure and thus the total loss to investors. Charterer the Sanko steamship in payment difficulties as the information service fund telegram reported on March 17, 2012, Sanko had invited his business partner to a crisis meeting on March 16. It was to the precarious financial situation of the charterer, the competitive pressure and the low freight rates on the international markets of the ship make difficult to create. Reportedly Sanko to March at all shipowners already have unilaterally reduced the Charter rates and announced for April, not the contractually agreed payments. Ships with new Charter contracts probably not break even to operate the Charter contracts to seven years set should be probably become obsolete in the face of this development. Because either is all parties by Sanko of a reduction of the Charter rates approved by, or the Japanese company will apply for protection from creditors.

This would mean that for the four HCI platform provider PSV Hellespont daring, PSV Hellespont dawn, PSV Hellespont defiance and PSV Hellespont drive new charterer should be found. In the current market situation with devastating low Charter rates, it will be difficult to get contracts, which can allow the a cost covering operation of vessels. Ships were also so far not break even it is noteworthy that all four ships in the current account balance 2010 already have repayment arrears. Also operating costs available up to 1/3 on plan are in addition to lower Charter revenue and travel surplus fallen lower than planned, cause. In the episode generated liquidity enough already with the Charter contract with Sanko steamship not out to drive the four platform suppliers break even. This also explains why the scheduled distributions so far were not done.

While it’s probably rather not because, as HCI writes in the balance that it has kept the money, as it says in the HCI performance for 2010, to establish a liquidity reserve. You look closely at the balance, it is noted that the shipping company surplus, so that drove in with the ships before interest and repayment generated result at each of the four ships cumulatively fell by commissioning until end 2010 at around 50% behind the plans. Compensation for investors many investors the HCI platform provider PSV Hellespont daring, PSV Hellespont dawn, PSV Hellespont defiance and PSV Hellespont drive have their investment after the consultation to participate probably otherwise imagined. For most, the risks that arise now, will be completely new and surprising. However would be given about these risks before the Investment decision must be informed. This was not the case, the investment advisor are liable for damages. You want to know whether you as an investor an HCI platform provider can assert claims for damages? Call me, I will gladly help you. Nittel Firm specializing in banking law and capital market law your contact Alexander Meyer, lawyer Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg phone: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.