If you have insured cargo on board the following vessels and would like us to assist you in pursuing any claims arising from these incidents (or any similar cases), or if you require assistance in providing GA or salvage guarantees, please contact us as soon as possible.
Date: 30th October 2010 Type: Water ingress – risk of sinking/salvage Voyage: Philippines to Shandong
Reports have been received that the Hong Kong flag SEA PEGASUS, 5185 GRT built 1997 has taken on water into the holds. Some crew were rescued and a salvage tug Dong Hai Jiu 159 was on the way to the vessel
There will be losses for cargo interests, either the cargo will be a total loss if the ship sinks, or it will be salvaged and a salvage claim will follow.
We can provide salvage security on your behalf (subject to internal procedures) for a bail fee from 0.8% of the guarantee amount.
