Sunday, May 9, 2021

Egypt Gives Ship Over $ 900 Million Suez Canal Compensation Bill


An Egyptian court ordered the Japanese owner of the vessel, Shui Kisan Kasha, to pay $ 900 million compensation as a result of the damage caused to the Panamani-Flag Avar from preventing sea traffic through the global trade waterway, the state-run Al Ahram. gave. The news outlet said on Tuesday.

The hefty bill also includes maintenance fees and the cost of rescue operations, Al Ahram reported.

An international salvage operation worked around the clock to divert the ship from the sides of the canal, with each passing day intensifying in both urgency and global attention, as ships around the world, carrying significant fuel and cargo Paused, prevented from entering the canal. .

Ever was Successfully recalled Moved to nearby Great Bitter Lake on March 29 to inspect the seashore and allow for repairs. There is a crew of 25 Indian citizens on board the ship.

Juhi Kishan Kaisha said that the insurance companies and lawyers were working on the compensation claim, and declined to comment further.

The ship’s technical managers, Bernhard Schulte Shipman (BSM), said on Wednesday that the ship was declared safe to proceed to Port Said on the Mediterranean Sea, but detained due to a dispute between the Suegel Authority (SCA) and The owner of the vessel was going.

“SCA’s decision to arrest the vessel is extremely disappointing,” BSM CEO Ian Beveridge said in a statement. “From the beginning, BSM and the crew on board have fully cooperated with all officers, including the SCA and their respective investigations … BSM’s primary goal is a speedy resolution of the matter that allows the vessel and crew The Suez Canal will allow departures, ”he said.

The UK club, one of Ever Gives’ insurers, said on Tuesday that it had responded to the SCA’s $ 916 million claim and questioned its basis.

“Despite the magnitude of the claim, which was largely unsupported, the owners and their insurers are negotiating in good faith to the SCA. On April 12, SCA was given careful consideration and a generous offer to settle their claim, ” Statement. said.

The UK club states that it is Ever Insurance for certain third-party liabilities including blockage claims or infrastructure issues, but is not an insurer for a vessel or cargo.

Its statement was made to state that the UK club believed the magnitude of the claim was not valid.

“SCA has not provided a detailed justification for an exceptionally large claim, including a $ 300 million claim for a ‘vesting bonus’ and a $ 300 million claim for a ‘loss of reputation’. Any grounding as a result There was no pollution nor any injuries. The ship had to be re-floated after six days and the Suez Canal immediately resumed its commercial operation. The claim submitted by the SCA to the professional vendor claim for their disposal services Also not included. The UK club statement said the owners and their hull underwriters expect to receive separate.

According to the Suez Canal Authority, the ship’s cargo has been seized until the dispute is resolved.

On March 23, when Ever Giving was nervous, more than 400 ships were barred from passing through important shipping lanes. The conditions that led to the situation are still being investigated separately by the Egyptian authorities.

– Mustafa Salem, Mae Nishiyama and Chris Likos contributed reporting.

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