ZHE HAI 168

* We have received reports that bulk carrier, ZHE HAI 168 ran aground in the waters off Sulangan Island, Philippines on 19 April 2023.

* It is reported that professional salvors have been appointed to assist to refloat the vessel and that efforts will first be made to lighter cargo from the vessel to assist that operation.

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

* Salvage Security may therefore be required to be provided by a party acceptable to the Salvors or the Council of Lloyd's on behalf of cargo interests and W K Webster may be able to assist. Security provided by WKW is acceptable to the Council of Lloyd's and widely preferred by professional Salvors.

* If General Average is declared, General Average security may also be required from Cargo Interests prior to the delivery of their cargo and we are also likely to be able to assist in that regard.

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