 |
||||||||||||||
|
||||||||||||||
MOL Initiative: Information on General Average and Salvage Security requirements
18 Apr 2006 - On 11 April 2005 we wrote to inform you that the owners of the vessel, MOL Initiative, had declared General Average (GA) following a fire onboard the vessel off the coast of Japan and on 13 April updated you that the vessel was being towed towards Japan. We would like to inform you that the MOL Initiative has since berthed at Tokyo on 17 April 2006 and commenced cargo discharge operations. APL has now been advised by the Average Adjusters, Asai & Ichikawa of Japan, that they have, in addition to being appointed by the shipowners as Adjusters for General Average, also been appointed by the Salvors as Adjusters for salvage and to collect Salvage Security. Customers are required to provide Salvage Security under the terms of the Japan Shipping Exchange (2005) salvage agreement. Please see the attached letter from Asai & Ichikawa which outlines the actions required of you to meet both General Average and Salvage Security requirements for both insured and uninsured cargoes (under “ D. Documents required”). Asai & Ichikawa has appointed agents to collect the documentary requirements for General Average and Salvage Security according to the place of delivery for your cargoes. A summary is appended below: For Insured Cargo 1. Where the bill of lading place of delivery is in Japan Collecting Agent: 2. Where the bill of lading place of delivery is in Korea Collecting Agent: 3. Where the bill of lading place of delivery is outside Japan and Korea Collecting Agent: For Uninsured Cargo (regardless of place of delivery) Collecting Agent: Banking details for the remittance of cash deposits are as follows: Account Name: Asai & Ichikawa, Average Adjusters Account Name : Asai & Ichikawa, Average Adjusters Swiftcode : BOTKJPJT For uninsured cargo, please refer to the attached instruction letter from Asai & Ichikawa for details on documentary requirements and cash remittance equivalent to 15% of the C&F value of the cargo as general average and salvage security. You will need to complete both General Average and Salvage Security documentation in order to secure the release of your cargo and capitalise on alternative arrangements for moving your cargoes to their final destination as rapidly as possible. Please be assured that we are working closely with MOL, the vessel’s operator, to minimise the impact on your cargoes resulting from the fire aboard the MOL Initiative, and we thank you for your understanding in this situation. If you need any additional information at this stage, your local Customer Service or APL representative will be pleased to assist. |
