Case of the Day: SCL Basilisk v. Agribusiness United Savannah Logistics
Ted Folkman
Posted on November 16, 2017
The case of the day is SCL Basilisk AG v. Agribusiness United Savannah Logistics LLC (11th Cir. 2017). SCL Basilisk AG chartered a ship, the SCL Basilisk, to Agribusiness United, which was to be used to carry grain from New Orleans to Portugal and Morocco. At Agribusiness’s request, Sonada Agro Limited (UK) LLC took Agribusiness’s place as charterer. Sonada issued a letter of indemnity (Agribusiness United was the guarantor) requiring Sonada to post security in case the ship was arrested or detained and to indemnify SCL Basilisk AG against damage. In fact, the ship was arrested in New Orleans for reasons that aren’t important to the case. Sonada was late in posting security, which caused SCL Basilisk AG nearly half a million dollars in…
Tagged: Admiralty, arbitration, prejudgment remedies