Legal Opinion
Parbulk II AS v. Heritage Maritime
New York Supreme Court
Decided June 7, 2011PublishedCited by 4 opinions
1Opinion of the Court
OPINION OF THE COURT
O. Peter Sherwood, J.
In December 2007, petitioner, Parbulk II, AS (Parbulk), which is a Norwegian entity, charted the vessel, Mahakam, to respondent, Heritage Maritime, SA (Heritage) (apparently a Singaporean company) pursuant to the terms of a sale/leaseback transaction. Its parent company, Humpuss Intermoda Transportasi TBK (HIT), which is described in an arbitration award as “a substantial Indonesian shipping group,” is the guarantor of the lease. Neither is registered to do business in New York State. HIT’s subsidiary, Humpuss Sea Transport PTE Ltd. (HSTPL), which is a…
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