Azerbaijan oil company Socar has claimed victory in a second arbitration tussle involving embattled Turkish product tanker group Palmali Holding.
Socar said arbitrators made an award of $63m in its favour on Tuesday under London Maritime Arbitrators Association terms.
The sum consists of amounts payable by Palmali and its Azerbaijan-born owner, Mubariz Mansimov, who has been under arrest in Turkey since last March.
