Liquimar Tankers is facing claims over loan defaults from Commerzbank, in a case that has set a legal jurisdiction precedent.
The German bank is seeking $6.6m in respect of outstanding sums under the facility for the Androniki, a 320,000-dwt vessel that was never built.
Including interest, the total amount to be claimed by Commerzbank could rise to $8.5m.
Commerzbank brought enforcement proceedings in England against the borrowers after the latter had already started proceedings against the bank in Greece.
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