Sovereign Charters denies vessels were chartered for military purposes or money laundering

Sovereign Charterers Ltd

Tista' taqra bil- Malti.

Sovereign Charters has denied all the allegations that it has chartered two of its vessels in connection to money laundering or military purposes.

The company has issued a statement in reference to the court case and Malta Police press release regarding the chartering of two of vessels from one of Sovereign Charterers constituent companies.

The case dates back to June 2019 when the company said it was approached by a globally-known company operating in the UAE to charter two of our vessels for 90 days.

On Saturday, the Police issued a press statement to announce that the Malta Police Counter Terrorism Unit had arrested five Maltese nationals as they allegedly breached sanctions imposed by the European Union against Libya.

The vessels were contracted on a purely ‘bareboat’ charter basis. This means that the crew was used solely and exclusively for evacuation purposes and the two vessels left Malta carrying all the necessary permits both from Malta Customs as well as from the Police Immigration Unit, explained the company.

“Although the chartering agreement with the client was for 90 days, the situation in Libya had escalated rapidly and within a few days of their delivery the client decided to use the vessels to evacuate the personnel immediately” – stated Sovereign Charters which continued to explain that upon arrival in Malta, all 21 of the client’s evacuated management and personnel – mostly holding British, French, American, Australian and South African passports were admitted according to all applicable Maltese laws and procedures.

Shortly after their arrival, the management and personnel were allowed to fly out of Malta and return to their respective countries and families, again in full accordance with all applicable Maltese laws and procedures.

The company also stated that it shall look forward to clearing its name under oath in court and shall reserve the right to defend its reputation and commercial interests to the full.