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Dmcadmin moved page Overseas - Chinese Banking Corporation v Jiang Xin Shipping - The Yue You 902 to Oversea - Chinese Banking Corporation v Jiang Xin Shipping - The Yue You 902
19 April - Freight paid, Original Bills of Lading (OBLs) released by Owners to FGV
19-22 April- Letters of indemnity issued: Ruchi to Aavanti , Aavanti to FGV and FGV to Owners
24 April - Vessel arrives at discharge port New Mangalore and OBLs arrive at Aavanti’s bank Oversea-Chinese Banking Corporation; Aavanti requests financing soon after
27-29 April- Discharge, completed in the morning of 29 April
29 April Evening - Evening The bank grants the loan and releases the purchase price to FGV
Later - Aavanti seeks extensions of time to service the financing, and eventually takes steps towards a Scheme of Arrangement – the financing is not repaid
