Euro Squall- Adrift and towage

Voyage from/to:            Northern Europe/Portugal

Casualty Date:              24 May 2007

Vessel Type:                Container vessel

Grt:                              6191

Built:                            2002

Cargo:                          Containers

Reports have been received that the Euro Squall  was drifting some 25 km off the coast of Portugal while on a leg from Rotterdam to Leixoes & Lisbon.  She was taken into tow to Lisbon by the Svitzer Leixoe.

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 of 0.8% of the guarantee amount.  Kindly note that if we are to place our personal guarantees, it is conditional on Dolphin being instructed to handle all negotiations arising from the matter on your behalf.

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 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.