Genmar Kestrel c/w Trijata
In this case we were instructed by an oil major to protect their interests arising out of the collision between two fully laden VLCCs at the mouth of the Suez, one of which was the “GENMAR KESTREL” which had on board US$43 million worth of crude oil belonging to our clients.
About US$1 million of that cargo had been lost as a result of the collision. Further, the “GENMAR KESTREL” and her remaining cargo had to be salvaged and we were instructed to handle the salvage claim brought against our clients as well as the recovery claims against both vessels.
This included a consideration of jurisdictional and limitation issues, obtaining security and concluding the settlements, on terms that represented an almost full recovery.