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NML-Capital offers to pay for repatriation of ARA Libertad crew members

Saturday, October 20th 2012 - 06:06 UTC
Full article 63 comments
Flagship of the Argentine navy with all its ceremonial sails displayed Flagship of the Argentine navy with all its ceremonial sails displayed

In a PR stunt the US fund NML-Capital offered to fly back free of charge all crew members of the Argentine training frigate ARA Libertad retained in Ghana, but reiterated that to release the vessel Argentina must deposit a 20million dollars bail.

According to the Buenos Aires media in a letter from the solicitors’ office representing NML Capital in Accra, Bentsi-Enchill, Letsa & Ankomah addressed to Argentina’s legal defence Larry Otoo, it indicates that “our client has no intention of causing inconveniences” to the crew members.

For this reason, “even in the absence of a bail deposit, NML-Capital can, with immediate effect, pay all costs so that sailors and cadets can fly back to their respective countries”, says the letter signed by Ace Anan Ankomah.

The letter with copy to all the main officers from the Ghana government dedicates several paragraphs to try and display good will vis-à-vis Argentina’s international moves to try and release the Navy vessel, an asset belonging to a sovereign nation.

“We must recall that in its 2 October ruling the Honourable Court, aware of the possible consequences of its order, explicitly gave Argentina the chance to liberate the frigate ARA Libertad” says the letter adding that NML Capital “does not oppose the vessel abandoning Ghana as long as your client deposits a bail of 20 million dollars”

The figure is reasonable since “it represents less than 5% of the full claim of our client before the court” in the US together with Dart, the other fund involved in the demand.

“We regret we haven’t received any formal reply yet to our offer. Anyhow we have taking note as it was indicated to the court on 9 October, that your client does not seem willing to deposit a bail”, adds the letter.

However “we still believe there is an opportunity for Argentina to deposit bail in court and obtain the immediate release of the vessel”. Apparently the solicitors in Ghana who were contracted by Argentina’s New York legal office Cleary, Gottieb, Steen & Hamilton, had not replied to the NML letter.
 

Top Comments

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  • Troy Tempest

    Ha!!

    Send for Tango One...

    Oct 20th, 2012 - 06:25 am 0
  • Pirat-Hunter

    No way the crew goes with the boat they didn't stand up to defend it, keep them all including the captain. They are useless, talking about loosing your ship without a shot shot be considered treason and punished by execution. Ans don't forget to get a receipt for the 20.000.000.00$ dollar the vulture originally demanded for ransom.

    Oct 20th, 2012 - 06:45 am 0
  • Troy Tempest

    Argentina only gets credit for what the ship fetches at auction, minus costs incurred...

    The Crew...

    NML are doing the decent, humanitarian thing and paying to fly them home - this is a problem created by the CFK government.

    Pirat-ALEX VARGAS, You're not much on being a humanitarian, are you?
    - you don't care about these kids that were abandoned by their government
    - you want to wipe out an entire peaceful island population, and take their homes
    - you support a Dictator, CFK, who says her people should feed themselves on 6 pesos per day
    - you support Gaddaffy, a Dictator who sponsored state terrorism against civilian men women and children by bombing their plane, and other acts
    - you support Gaddaffy murdering his own people with the army, and hired mercenaries to harrass the refugees fleeing their homes.
    - you want a nuke program to inflict heavy loss of life and suffering on civilian populations
    - what other destruction of society do you wish upon the world??
    - What do you think of Syria murdering, torturing, and shelling their own civilians??
    - did you know that Mao killed more Chinese than the Japanese did in WWII ??

    and you commit petty crimes against your neighbours and hosts in Canada, where you live in comfort, counselling violence and death against people in other countries!!

    You are NO humanist, just an angry child.

    It's no surprise that you are “not big on Christmas”

    Oct 20th, 2012 - 07:14 am 0
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