Company Seeks Court Approval to Foreclose on $66,000 Lien Against Ocean Point Terminals

SafeRack's lien, filed within legal deadlines, could lead to the liquidation of Ocean Point Terminals' property to cover unpaid construction costs

On August 6, SafeRack LLC filed a lien with the Office of the Lieutenant Governor, claiming that it was owed over $66,000 for work done on a dock owned by Ocean Point Terminals. On Wednesday, SafeRack went to court to ask for permission to foreclose on that construction lien.

The issue began when in March 2023, Ocean Point entered into a series of contracts with Alloy Mechanical for construction work to be done at the facility on St. Croix’s south shore. In August of that year, SafeRack, a safety equipment supplier headquartered in South Carolina, was subcontracted by Alloy to supply equipment and material for work being done at one of the docks on site. An invoice was sent to Alloy Mechanical for $66,440, but Alloy has not been able to pay.‌