{"id":1805,"date":"2021-04-02T19:32:00","date_gmt":"2021-04-02T19:32:00","guid":{"rendered":"http:\/\/www.bocintl.com\/web\/?p=1805"},"modified":"2021-12-31T18:29:48","modified_gmt":"2021-12-31T18:29:48","slug":"the-boc-blast-407-ever-givens-owner-files-suit-and-declares-general-average","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/the-boc-blast-407-ever-givens-owner-files-suit-and-declares-general-average\/","title":{"rendered":"The BOC Blast 407 \u2013 Ever Given\u2019s Owner Files Suit and Declares General Average"},"content":{"rendered":"\n
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Ever Given\u2019s Owner Files Suit and Declares General Average<\/h2>\n\n\n\n

BY THE MARITIME EXECUTIVE 04-01-2021 06:00:00<\/em><\/p>\n\n\n\n

The owner of the boxship Ever Given has filed suit against operator Evergreen in connection with the vessel\u2019s grounding in the Suez Canal on March 23, according to UK outlet The Lawyer. The details of the filing are not public, but the defendants include Evergreen and all other parties who may claim damages in connection with the incident.<\/p>\n\n\n\n

The Panama-flagged Ever Given is owned by Panama-based Luster Maritime, a subsidiary of Japanese shipowner Shoei Kisen Kaisha. She is chartered to Taiwanese carrier Evergreen, with ship management by Japanese firm Higaki Sangyo Kaisha and technical management by the Hong Kong division of BSM.<\/p>\n\n\n\n

As the shipowner, Shoei Kisen Kaisha is widely expected to bear the brunt of damage claims from shippers and shipping interests. Egypt alone believes it is owed at least $1 billion in compensation for the six-day shutdown and the cost of the refloat effort, Suez Canal Authority chairman Osama Rabie told reporters Wednesday. He did not specify who should be liable to pay the damages, but he emphasized that Egyptian responders \u201csaved [the shipowner] so much by rescuing the ship without any major damage or losses.\u201d<\/p>\n\n\n\n

\u201cWe could agree on a certain compensation, or it goes to court,\u201d Rabie said. \u201cIf they decide to go to court, then the ship should be held.\u201d<\/p>\n\n\n\n

Shoei Kisen Kaisha has declared general average in connection with the disaster, indicating that it will impose a bond requirement on cargo interests before releasing containers from the ship. Richard Hogg Lindley has been appointed as the GA adjuster, according to The Loadstar.<\/p>\n\n\n\n

GA charges are typically assessed as a percentage of the value of the cargo, and in the case of massive losses \u2013 like the catastrophic fire on the Maersk Honam \u2013 shippers may be asked to pay GA and salvage bonds exceeding half the value of their cargoes. No cargo has been damaged in connection with this incident, but the bonds may be used to recover the cost of the refloat effort.<\/p>\n\n\n\n

For its part, Evergreen believes that as the charterer it has \u201cvery low\u201d exposure to financial risk from the grounding, president Eric Hsieh told Taiwanese reporters on Thursday. \u201cOur risk exposure from the Ever Given incident is very low \u2013 even if there are damages, it will be covered by insurance,\u201d Hsieh said. \u201cEvergreen is free of responsibility from cargo delays [under the terms of carriage].\u201d<\/p>\n\n\n\n

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Ever Given\u2019s Owner Files Suit and Declares General Average BY THE MARITIME EXECUTIVE 04-01-2021 06:00:00 The owner of the boxship Ever Given has filed suit against operator Evergreen in connection with the vessel\u2019s grounding in the Suez Canal on March 23, according to UK outlet The Lawyer. The details of the filing are not public,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-1805","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/1805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=1805"}],"version-history":[{"count":2,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/1805\/revisions"}],"predecessor-version":[{"id":2164,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/1805\/revisions\/2164"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=1805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=1805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=1805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}