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.

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

Vessel: "ASPHALT SEMINOLE"

Casualty date: 11th March 2017

Casualty type: Engine Failure/ towage

Vessel type: Asphalt tanker

Year built: 2005

GRT: 6292

Voyage to/from: Singapore to Australia

Cargo: Asphalt

Vessel IMO number: 9263942