$4 Million Worth of Liens Filed Against Ocean Point Terminals Over Breach of Contract Claims

Earlier this week, SafeRack LLC asked the court for permission to foreclose on liens filed against Ocean Point Terminals, who SafeRack said had not been paying its bills for work done on a dock at the fuel storage terminal on St. Croix. According to SafeRack, Ocean Point Terminals had not been keeping up payments owed to Alloy Mechanical, who had been contracted to work on the dock. As a result of the mounting debt, Alloy was in turn unable to pay its subcontractor SafeRack for its share of the work done, and so SafeRack began its attempts to secure payment from Ocean Point itself.‌

Now, the Consortium has become aware of Alloy Mechanical’s own construction liens against Ocean Point property, registered with the Office of the Lieutenant Governor between May and July of this year. Alloy claims that Ocean Point Terminals owes over $3.87 million on a series of contracts totaling over $10.5 million.‌