We have received reports that the "SINCERITY ACE ", a
2009 built car carrier flying the Panamanian flag, has caught fire
on the 31st December 2018. The vessel is about 1800 miles off Oahu
and the master reportedly was considering abandoning the vessel. It
is reported that four crew have already left the vessel and a
number of merchant ships are moving towards the vessel. A Hercules
plane was also dispatched.
We understand that international salvors are contracted, most
likely on LOF terms. Salvage assets are being mobilised. It is
likely that there will be claims for salvage and GA as well as
recovery of PA losses. The claim for LOF salvage will be subject to
English law and London arbitration.
