Closure and quick despatch in the Red Sea

A ship was arrested in a Red Sea port in connection with an allegation that it had caused an explosion in an adjacent grain silo. The claimant required a bank guarantee for a very considerable amount in order to release the ship, but the ship operator and his insurer were unable to find a bank willing to provide this. There were also concerns about whether a bank guarantee would be safe; in other words, whether the terms under which it was issued would be respected in the local jurisdiction.

We were able to negotiate a cash settlement with the claimant in four days for an amount that the ship operator and his insurer could accept. The ship was released promptly and a lengthy off-hire dispute with time charterers was avoided.


Other Case Studies

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Ship hijack off Somalia

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Releasing hostages in the Gulf of Guinea

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Moving things forward

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Uninsured and delicate situation in Bangladesh

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Civil disorder and threats to a ship’s crew

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Dock damage and political impasse

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Fraud in West Africa

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Exercising liens

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Deadlock in North Africa

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Cargo claim and crew intimidation

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Feasibility studies

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Loss prevention

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Environmental time bomb