We have received reports that the " STAR ZETA ", a 2003 built bulk carrier flying the Marshall Islands flag, has grounded in the river Parana and is blocking the channel.
It is carrying a cargo of maize loaded in Argentina and was bound for South Africa.
The vessel requires professional assistance from salvors. We expect Smit are likely to be engaged for refloating operations.
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.
If you would like assistance in dealing with any claims for salvage, potential GA claims and recovery of your losses, please do contact us.
Details
Casualty date: 4th October 2016
Casualty type: Grounding
Vessel type: Bulk Carrier
Year built: 2003
GRT: 29357
Voyage to/from: San Lorenzo, Argentina to Cape Town
Cargo: 40,000MT maize
Vessel IMO number: 9284477
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
