Ever Given’s owner and insurers submit new compensation offer after Suez Canal blockage
The UK P&I Club and the Ever Given’s other insurers have submitted a proposal believed to satisfy the Suez Canal Authority’s (SCA) requirements following more than 15 days of negotiations.
Accordingly, the owners and their insurers have requested and confirmed to the Ismailia Economic Court of First instance in a hearing on June 20, 2021, the desire to adjourn the hearing to take the necessary time to reach a final and amicable solution that satisfies all parties.
As such, a court ruling on the case was postponed until July 4 to allow for an “amicable settlement”.
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