OCEAN CROWN - Grounding

Vessel Name  OCEAN CROWN

Built                        2005

GRT                        30057

Vessel Type          Bulk carrier

Voyage from/to    Chile to India

Casualty type       Grounding

Casualty date        10th August 2007

Cargo                     Believed to be copper concentrate

Reports have been received that the Cypriot flag vessel OCEAN CROWN, 30057 GRT, 2005 built has run aground in the Magellan Strait off Chile. Lloyds Open Form has been signed. She was on a voyage from Caleta Patache, Chile, to Dabhol India. We believe it is likely to be carrying a cargo of copper concentrate.

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 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.