Suez debacle: Insurer delivers update on seized vessel


"Despite the sincere efforts of the Ever Given owners and their insurers, it has not been possible to resolve this matter without the continued involvement of the Egyptian courts."

These were the words of the British P&I Club when the maritime insurer issued an update on the current circumstances surrounding the container ship Ever Given, which had previously been “largely unsupported” due to a demand previously described by the Suez Canal Authority (SCA) had been confiscated. valued at $ 916 million.

According to the British P&I Club, which does not insure Ever Given itself and its cargo, but the ship's owner against certain third-party liabilities, the Ever Given camp has appealed against the arrest of the ship to the Ismaili court of first instance in Egypt.

The insurer said the appeal was filed on a number of grounds, including the validity of the arrest in relation to the charge and the alleged lack of evidence to support the SCA's "very significant" claim.

In the meantime, it has been found that 23 of the 25 crew members who were on board at the time the Suez Canal landed remain on board and are assisted by two other seafarers. Ever Given is said to be well looked after, with the crew receiving "every possible assistance" from the shipowner and technical manager, including the opportunity to speak to their families.

"The Ever Given interests will continue to negotiate in good faith with the SCA to find an amicable solution," said the UK P&I Club. "We are encouraged that the SCA recently allowed two of the ship's crew to return home on compassionate grounds while the ship remains in custody."

It added: "The UK club's priority remains the fair and expeditious resolution of the SCA's claim to enable the ship to continue on its planned voyage and allow the crew to leave Egypt."

The appeal will be negotiated on May 4th.


read more

https://businessservicesnews.ca/2021/04/26/suez-debacle-insurer-delivers-update-on-seized-vessel/

Comments

Post a Comment

Popular posts from this blog

Open call: ACC Residency 2023 - Announcements

Asia Culture Center (ACC) is seeking participants for ACC Residency 2023. ACC has been organizing international residency programs not just as a form of artistic support policy, but a superlative creation/production program to produce novel and diverse content with creative talents from all over the world. As a forum for experimentation and exchange it envisions alternative futures based on a spirit of artistic engagement with reality. This year, the residency will be held in collaboration with ACC Sound Art Lab under the theme “Futures of Listening” which is also a long-term project led by ACC Sound Art Lab. As part of the collaboration, the two programs will be jointly organizing creative support programs for participants including talks and workshops by four world-renowned soundscape experts. Based on these, residency participants are to develop and present concepts for individual projects exploring the theme. This will be followed by the actual production and realization of t...
Read more

Radian's Pyramid Platform automates every step of the real estate process

Image
As the real estate industry prepares for the end of the forbearance moratoria, real estate experts anticipate an increase in foreclosures and REO activity. In preparation for this influx, asset managers, servicers and investors need to make sure they have the tools and technology to successfully navigate this unpredictable time. Pyramid Platform, Radian's award-winning asset management technology, can help users quickly adapt to fluctuations in the REO environment. Pyramid Platform automates and organizes every step of the REO asset management process through a secure web-based portal. Pyramid Platform users can customize their REO administration workflow to trigger tasks based on their individual needs. This helps users implement and manage investment strategies, from listing to liquidation. In addition, the Pyramid Platform offers users a variety of other workflows, including replacement deeds, short sales, acquisitions, rental management, and more. "After an un...
Read more

2021 Tradovate Review • Pros, Cons + More • Benzinga

Image
With such a wide range of options available, choosing a futures trading platform can be tricky. Tradovate is an innovative futures broker offering proprietary desktop and mobile trading platforms. Our Tradovate review will help you learn more about the pros and cons of opening an account. Tradovate is a specialized broker that provides users with access to the futures trading market. Unlike some brokers who require traders to fund the purchase of their own trading platform, Tradovate offers its own proprietary platform - and it's surprisingly comprehensive and powerful. Some of our favorite features on the Tradovate platform are the following: Depth of Market (DOM): If you have a trading strategy that relies on quickly executed, frequent trades, you will appreciate Tradovate's DOM feature, which allows you to quickly analyze price information, manage your positions and place orders at increased speed. Cross-platform charting: Not only can you use the Tradovate ...
Read more