Charter Fund

Lawyers secured compensation for ship fund investors round 43 million investors in the established February 2008 King & Cie. product tankers Fund IV invested in. Already in the first year, they have received only a reduced payout, in the last two years was no payment at all. Also in 2012 is little reason to hope for investors of the King & Cie. yield Fund 73, is caused by the Charter rates of the Fund vessel MT “King Daniel” agreed as a variable. These were already back in 2009 to $ 2.5 million behind the values forecast in the prospectus.

In the year 2010 amounted to the deficit to 3.4 million USD. Due to the disastrous situation the loss should be continued to ship markets worldwide until today. A recovery is, so the view of experts, not currently see. Compensation for investors we have tested the advice, as well as the prospectus for our clients and see a variety of possible violations of the duty of disclosure. Below you will find just a few: Ship funds are a highly speculative investment: a ship Fund is an entrepreneurial stake, which is fraught with many risks and is therefore as high speculative. However, she was portrayed as a secure attachment in many discussions. Not suitable as a retirement: as highly speculative investment with total loss risk participation in the King & Cie.

yield Fund 73 is not as retirement savings or investment in the age. However, it was recommended in many cases just as retirement savings. Risks for Charterreinnahmen were omitted: in many known cases the predicted distributions were presented as safe from risks, in particular with regard to the amount of recoverable Charter revenue was not the speech. Concealed risks of borrowing in Yen: the risks of the planned partial borrowing in Japanese yen were not discussed. 105% clause: special rights for the Bank: nor was mentioned, that the Bank in the credit agreements has can grant privileges with the one-ship companies in the event that the use of the loan exceeds 105% of the agreed value, which can easily be the case due to exchange rate changes.

The Way

I gave thanks to God, therefore I am not of fight, taste of controversy and do not want calmness. I was firming itself in the service, already liking to vender, using all the points of the first list. The listened to customer enlevado, happy plus sales went my credit. But two weeks later, me it appears a couple, furious; they had bought a bed and it broke, suddenly, in the way of the night. They were irreducible, stubborn, insuportveis people. They wanted a new bed, invoked the guarantee. I found that it did not fit me to formulate questions indiscreet, inquiring on details or constrangedoras circumstances, that could have provoked the accident. Moreover, my function is to vender.

I am green password, my God! They had interpreted my attitude as a challenge, a respect lack. Almost apanhei. I took pushes, on account of my passivity. Soon the security appeared and they had been directed to successive the red sector In and useless onslaughts, had received all block as the consideraes, but they had continued in a belligerent attitude. Result: they are camped has three days in the sector of furniture, in the third floor does not want to arredar foot. When one leaves, the other is seated in a bed any. The children already had taken pyjamases, remedies, kits of survival.

Now, then, they do not want not even to negotiate the devolution of the entrance, or a type of bed of better quality, for the same price. At last, a tragedy. But the guilt is mine. The manual, that I only read later, says that the limit for that bed, is of 150 kilos, static load. It wants to say that, if the load if to move, goes everything for the soil. To make what? It had that to inform them before. Now it is late. to say the truth, I do not see the hour to wake up ….. that nightmare!