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Slideshow Goodbye moon 40 years ago, mankind took its last steps on the moon with the Apollo 17 lunar mission. Slideshow Sponsored Links U.N. court orders Ghana to release Argentine naval ship Tweet Share this Email Print Related News UPDATE 2-UN court orders Ghana to release Argentine naval ship 10:31am EST Ghana's Mahama reaches out to defeated rivals Mon, Dec 10 2012 Ghana's Mahama wins election, opposition cries foul Sun, Dec 9 2012 UPDATE 4-Fatal North Sea collision said to be human error Thu, Dec 6 2012 Vietnam condemns China's sea claims as "serious violation" Tue, Dec 4 2012 Analysis & Opinion The politics of recovery money for Sandy Is Greece in default again? Related Topics World » United Nations » Argentina » Africa » Argentine naval vessel Libertad is seen docked at Tema port in Accra October 11, 2012. Credit: Reuters/Stringer HAMBURG | Sat Dec 15, 2012 10:33am EST HAMBURG (Reuters) - A U.N. court on Saturday ordered the release of an Argentine naval training ship detained in Ghana at the request of a hedge fund trying to force Argentina to pay up on defaulted government bonds. The Argentine navy's tall sailing ship ARA Libertad, a training vessel, was held in Ghana's port of Tema on October 2 at the request of NML Capital Ltd, which says Argentina owes it $300 million on bonds which have been in default since 2002. International Tribunal for the Law of the Sea president judge Shunji Yanai of Japan said the court ruled Ghana should release the Libertad "immediately" and provide the assistance the crew needs to leave the port. Argentina had argued the United Nations maritime convention gives warships including unarmed training vessels immunity from civil claims when calling in foreign ports. Creditors including NML have won several billion dollars in damages over Argentina's bond default in U.S. courts, but they have largely been unable to collect because most Argentine assets are protected by sovereign immunity laws. Argentina refers to funds like NML as "vulture funds" because they buy distressed or defaulted bonds and then sue in international courts to get paid in full. The court, a United Nations body, considered a statement from Argentina that attempts by authorities in Ghana to move the ship "could lead to an escalation" which could lead to "incidents which could endanger life," Yanai said. The court also considered Argentina's claim that the ship could not be maintained correctly during its arrest and that the vessel' safety could so be endangered. A skeleton crew of sailors remains on board the Libertad after around 300 crew and naval cadets were flown home to Argentina in October. A lawyer for NML in Accra, Ace Ankomah, said he was not yet aware of the ruling and could not comment. A government official in Ghana said the foreign ministry was preparing a statement, and could not immediately comment. Ghana had said the issue involved complex legal action between bondholders and Argentina and that the separation of powers meant Ghana's executive government could not overrule a court decision. Both countries must pay their own costs. The two countries must provide a further report to the court by December 22, 2012, to enable the tribunal to make further examinations of the dispute, Yanai said. (Reporting by Michael Hogan; additional reporting by Kwasi Kpodo in Accra; Editing by Alison Williams and Jason Webb) World United Nations Argentina Africa Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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