The American Club is chasing the Spanish owner of a troubled gas carrier it bailed out when the ship lost its rudder.

The New York-based protection and indemnity mutual said Madrid-based Globalgas owes it $559,478 for outstanding premiums and services rendered to the 7,000-cbm LPG carrier Celanova (built 2003) when it broke down near the Philippines in December.

"Faced with an emergency situation, with the [Celanova] fully-laden with volatile cargo and rudderless, perilously drifting on the high seas, the American Club agreed to assist," the complaint, filed in the Southern District of New York federal court on Wednesday, read.