Endeavour River - Grounding LOF

Voyage from/to:            Australia - Domestic

Casualty Date:              2 December 2008

Vessel Type:                Bulk carrier  

Grt:                              50,144

Built:                            1983

Cargo:                          unknown

Reports have been received that the  Endeavour River grounded at Gladstone. Attempts  to refloat the vessel by tugs were unsuccessful and the vessel remains stuck fast on mud.

Lloyds Open Form has been signed with salvors.  

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.