Sailing Yacht A finally arrives in Gibraltar

Sailing Yacht A finally arrives in Gibraltar

Sailing Yacht A just arrived in Gibraltar. A year after being launched the yacht was finally sighted entering in Gibraltar a few days ago. Shortly after arriving lawyer and officials arrived to block the yacht in Gibraltar. Indeed their is a litige between Nobiskrug, the shipyard and Vella Yachts, the operator based in the Bahamas. The operating company seems not to have paid the yard by over $15 millions. Shortly after the complains by the yard, the owner and company deposited the exact sum in an escrow account, a sufficient safety for Nobiskrug to release the yard. For a yacht worth over $450 millions, this is a relatively normal affair, in a wave less delivery.

Sailing Yacht A (5) Sailing Yacht A (1) Sailing Yacht A (2) Sailing Yacht A (3) Sailing Yacht A (4)

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