YET ANOTHER SHIP OF 'CROATIA LINE' SOLD BY COURT ORDER

RIJEKA, Sept 11 (Hina) - A ship "Karlobag" of the Rijeka-based bankrupt shipping company "Croatia Line" was sold by court order in the seatown of Rijeka on Monday. A Maltese company Cunters Navigation "Malta" bought it for 2,250,000 dollars. This is by 150,000 dollars more than the estimated value prior to the purchase. The Croatia Line company's debt to the "Viktor Lenac" shipyard comes over $800,000. The debt was incurred for overhauls and the berth in the two years. In addition, sailors and the Rijecka Bank also registered their claims at the court. The sailors ask for a sum of 100,000 dollars for their salaries and they should get the money in the coming days. On 28 September a ship "Hreljin" will be put on a sale by court order. Its value is estimated to be 1.1 million dollars, whereas the starting price will be $750,000. The exact date is not yet fixed for the sale by court order of the remaining five ships of the 'Croatia Line', which used to be a leading lining company in the country. The ships are mortgaged with Croatia's creditors, mostly banks. The rest of the Croatia Line fleet was confiscated abroad in recent years owing to the company's outstanding debts. (hina) jn ms