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The parties involved asked the Egyptian court to postpone the next hearing to 4 July.
The UK P&I Club and other insurers are close to an agreement with the Suez Canal Authority (SCA) for compensation following the stranding of the Ever Given in March this year.
As a result of negotiations with the SCA, the parties involved asked the Egyptian court to postpone the next hearing to 4 July, to the completion of deliberations.
The UK P&I said yesterday: “During the negotiations a proposal was submitted that we believe satisfies all the requirements of the SCA.
“Accordingly, the owner and its insurers requested and confirmed to the Ismailia Economic Court of First Instance in today’s [Sunday] hearing their clear desire to adjourn the hearing in order to take the necessary time to reach a final and amicable solution that satisfies all parties.” Read more
Source: LOADSTAR
