Marintrust-01

* We have received reports that general cargo ship, MARINTRUST-01 developed a list and sank shortly after the completion of loading operations at Kolkata Port on 24 March 2022.

* It is reported that 18x 20 foot containers were completely submerged in water and 10x 40 foot containers were lost overboard and were floating in the water.

* We understand that attempts are being made to salvage the cargo.

* It is likely that physical damage may also have been sustained by cargo stowed in containers remaining on board the vessel.

* It is therefore possible that General Average / Salvage and Recovery issues may arise as a result of this casualty.

* We recommend that you contact us urgently if you are concerned with any cargo on board this vessel so that we can immediately start taking steps to protect your interests.