Insurers are braced for another major boxship claim from the blaze on an X-Press Feeders containership off Sri Lanka.
The eventual claim will depend on the success of the salvors ongoing battle to save the virtually new 2,743-teu X-Press Pearl (built 2020) and its cargo. But experts believe total claims could potentially run in excess of $100m.
The ship's registered owner has declared general average, a legal measure that which divides claims among cargo, protection and indemnity, and hull underwriters.
