+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

A French shipyard says it doesn't know who to bill mooring fees for a detained $120 million superyacht linked to a Russian oligarch

Apr 4, 2022, 18:38 IST
Business Insider
Igor Sechin and the Amore Vero.Mikhail Svetlov/Getty Images/NICOLAS TUCAT/AFP
  • A $120 million superyacht linked to a Russian oligarch was seized at La Ciotat, France, in early March.
  • La Ciotat Shipyards told Reuters it's unsure who to bill for the yacht's mooring fees.
Advertisement

A French shipyard has said it doesn't know who to bill for mooring fees racked up by a detained $120 million superyacht.

Alice Boisseau, communications officer at La Ciotat Shipyards, told Reuters her company was "continuing to invoice" mooring fees for the detained yacht, Amore Vero, but said the company doesn't know who's meant to pay.

Amore Vero is owned by a company headed by Igor Sechin, CEO of Russian oil giant Rosneft, according to French authorities, who said they detained the 280-foot vessel on March 3. Sechin denied to Reuters that the yacht belonged to the company.

Amore Vero is worth around $120 million and can hold a total of 42 guests and crew members, according to SuperYacht Fan. It features a swimming pool that converts into a helicopter pad and a sun deck with a jacuzzi, according to Oceanco, its maker.

Two firms that are servicing the Amore Vero told Reuters that French authorities hadn't told them about the yacht's legal status after the seizure, meaning there was no clarity on who was meant to pay for mooring or other servicing fees.

Advertisement

French officials said the Amore Vero's owner was responsible for covering mooring and maintenance costs at a time when the state had custody of the vessel, Reuters reported.

La Ciotat Shipyards didn't immediately respond to Insider's request for comment.

The Amore Vero's seizure came soon after Sechin was placed on EU and US sanctions lists following Russia's invasion of Ukraine.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article