The Palencia is a free ship tonight, after being detained for 12 days by the government of Belize. Attorney for the Government Denys Barrow told us that he has asked the court to release the PALENCIA from arrest today because GOB and the insurers have settled the claims. The agreement is that the fine will be paid in to government in 14 days but it could be as early as this Friday.
And while the nominal value of the fine was over 9 million dollars, the final figure agreed to was US$1.35 million dollars. All things considered, that’s not too bad since government lost most of its leverage when the PARANGA was allowed to sail in July of 2012.
Right now the vessel is loading up with fuel and water and should be setting sail tonight.
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