SO ENERGY LTD vs. MOTOR VESSEL ADOBIA, AFRICAN INDEPENDENT SERVICES LTD AND UNIBANK (GHANA) LTD [2015]DLHC17361

SO ENERGY LTD vs. MOTOR VESSEL ADOBIA, AFRICAN INDEPENDENT SERVICES LTD AND UNIB... [2015]DLHC17361

Date	2015-07-07
Suit No.	Suit No. CGS/06/15
Citation No.	[2015]DLHC17361

JENNIFER DODOO (MRS)

DANIEL ADDO ASIEDU

S. AHORLU

[2015]DLHC17361
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													<main id="main" class="content" style="min-height: 60rem" ><a name="_Hlk154138250"></a><a name="_Hlk152146143">SO ENERGY LTD<o:p></o:p></a><span style="font-size:10.0pt;mso-bidi-font-size:12.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">(PLAINTIFF)<o:p></o:p><span style="font-size:10.0pt;mso-bidi-font-size:12.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;color:#00B0F0">vs.<o:p></o:p>MOTOR VESSEL ADOBIA, AFRICAN
INDEPENDENT SERVICES LTD<o:p></o:p>AND UNIBANK (GHANA) LTD<o:p></o:p><span style="font-size:10.0pt;mso-bidi-font-size:12.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">(DEFENDANT)<o:p></o:p><span style="font-size:10.0pt;mso-bidi-font-size:
12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">[HIGH COURT, ACCRA]<o:p></o:p><span style="font-size:10.0pt;mso-bidi-font-size:12.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0in 0in 1pt;">

DANIEL ADDO ASIEDU FOR APPLICANT<o:p></o:p>

&nbsp;S. AHORLU FOR
RESPONDENT<o:p></o:p>

</div>CORAM
<o:p></o:p>JENNIFER
DODOO (MRS)<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0in 0in;">

<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
tab-stops:4.5pt;border:none;mso-border-top-alt:solid black 1.5pt;mso-border-bottom-alt:
solid black 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 0in 0in">RULING<o:p></o:p>

</div>The 3rd Defendant/Applicant
has applied to this court praying for the 2nd Defendant to post a
Counter Bank Guarantee in the sum of GH¢500,000.00 in favour of the 3rd
Defendant to indemnify the 3rd Defendant for posting a bank
guarantee for the release of 1st Defendant from arrest.<o:p></o:p>&nbsp;The 2nd Defendant is
opposed to the application stating that there was no basis in law and equity
for the instant application.&nbsp; They claim
that what has been posted by the 3rd defendant is a letter of
indemnity and not a bank guarantee.<o:p></o:p>&nbsp;The issue before this court is whether
or not the instant application should be granted?<o:p></o:p>&nbsp;The Plaintiff instituted suit against
the 1st and 2nd Defendants on 30th July 2015
claiming the following reliefs:<o:p></o:p>(i)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An
order for the payment of the sum of GH¢366,173.00 arising out of products
supplied to the Defendants and which the Defendants have failed and/or refused
to pay up on same.<o:p></o:p>(ii)<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the aforesaid sum at the prevailing bank rate from the date of filing of
this writ to the date of payment for same.<o:p></o:p>&nbsp;On 31st July 2015 the
Plaintiff applied for the arrest of 1st Defendant which was
described as lying at the anchorage of the fishing harbour in Ghana and about
to set sail.<o:p></o:p>&nbsp;The court granted the order of arrest
and made an alternative order that the Defendants could sign a bond in the form
of a Bank Guarantee from a reputable bank in the sum of GH¢500,000.00 to secure
the release of 1st Defendant.<o:p></o:p>&nbsp;Before the 1st and 2nd
Defendants could enter appearance and file a defence, the 3rd
</main>