From the evidence on record the Court finds that the Plaintiffs, owners of the “MT DOLICHA BAY”, entered into a Time Charter Party with the 2^nd Defendant from the 17^th November, 2017 as shown by “Exhibit B” the Time Charter Party. The Court finds that under the Time Charter the 2^nd Defendant is to pay a daily hire of $11,500.00. to the Plaintiffs.

From “Exhibit C series” the Court finds that the 2^nd Defendant is in arrears of payment of hire in the sum of $753,964.26 up to the 1^st of September, 2018 as shown by “Exhibit C4” in particular. The Court finds that under the Time Charter the Plaintiffs has agreed with the 2^nd Defendant that the Plaintiffs shall have the right to exercise a lien over all cargoes and all freights, sub-freight and demurrage for any amount due under the charter party.

The Court holds therefore that the Plaintiffs’ right have accrued to them in view of the Defendants’ default in the payment of the hire to the Plaintiffs. The Court finds that the Plaintiffs have made several demands for the payment of the outstanding hire on the 2^nd Defendant as shown by “Exhibit D series” but all the demands made have fallen on deaf ears.

The Court will therefore enter Judgment for the Plaintiffs against the Defendants to recover cash the sum of $753,964.26 being the accumulated outstanding hire up to 1^st September, 2018. The Court will also enter Judgment for the Plaintiffs against the Defendants to recover the daily hire due the Plaintiffs from the 2^nd day of September, 2018 till date of payment. The Court will also make an order that the Cargo on board the vessel “MT DOLICHA BAY” shall be sold by the Registrar of the Court and the proceeds applied to pay the outstanding hire owed the Plaintiffs together with the cost of sales and if there is any difference left, it shall be kept by the

Registrar for the benefit of the 2^nd Defendant.

Costs of GH¢300,000.00 to the Plaintiffs against the Defendants.