Alkistis- Engine Breakdown - LOF

Voyage from/to:            Brazil/West Africa

Casualty Date:              8 Jun 2007

Vessel Type:                Bulk carrier

Grt:                              6127

Built:                            1982

Cargo:                          Sugar

Reports have been received that the  Alkistis has suffered an engine failure some 800 miles west of Dakar.  She has been taken into tow under Lloyds Open Form by tug Med Fos from Five Oceans Salvage.

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.