Tag Archives: 30-day Right of First Refusal

New Bedford seafood auction stops sale of Rafael’s boats to Blue Harvest

The fate of Carlos Rafael’s groundfishing vessels is still uncertain, with companies jockeying to get their hands on what’s left of the Codfather’s fleet. According to the CEO of Blue Harvest Fisheries Keith Decker, the company signed a purchase and sale agreement for Rafael’s groundfish vessels, but the agreement was subject to a 30-day Right of First Refusal Period, allowing other members of Rafael’s former sector a chance to match or better the bid. Buyers and Sellers Exchange (BASE) exercised that right, Decker said, “We were notified by Rafael’s attorney on Friday evening.” >click to read< 22:15