PUNITA- Grounding

Built                        1984

GRT                        29485

Vessel Type          Product Tanker

Voyage from/to    Indian Ports (bound for Paradip & Haldia)

Casualty date        10th April 2007

Cargo                     Oil (30,000 MT Diesel 12,000 MT Kerosene)

Reports have been received that the Indian flag vessel PUNITA, 29485 GRT, 1984 built has grounded in sand off Paradip. The vessel needs to be lightened as part of a re-floating plan and cargo will be taken off, into the NAND SMITI.

There are potential claims for salvage and General Average arising from this incident, as well as PA losses.

If salvage security is required, our personal corporate salvage guarantees are accepted by Lloyds. We can provide salvage security on your behalf (subject to internal procedures) for a bail fee from 0.8% of the guarantee amount.

If you have insured cargo on board this vessel and require our assistance to deal with any security demands and claims for salvage and/or General Average, please contact us as soon as possible.

We have initial information regarding the cause of the grounding, and can also assist you in pursuing recovery for any losses that you may suffer. In this regard, we have identified the vessels’ P&I Club.