We have received reports that the " ASPHALT SEMINOLE
", a 2005 built asphalt tanker flying the Marshall Islands
flag, has broken down and signed a LOF salvage contract with
Ardent, the professional salvors.
It is carrying a cargo loaded in Singapore and was bound
for Australia. It was towed to Sydney.
There will be a claim from Salvors which will be subject to LOF
and arbitration in London.
It is also possible that General Average will be declared.
So far as any recovery is concerned, we have identified the
vessel's P&I Club, which is headquartered in London.
If your own guarantees are not acceptable to salvors we can also
assist you in arranging salvage security to secure any salvage
claims, with a bail fee from 0.5% of the guarantee amount.
