Insurers representing around $100m of cargo onboard the detained containership Ever Given are preparing legal action against the Suez Canal Authority (SCA) through London law firm Clyde & Co.
The pending litigation comes after the SCA did not respond to a letter sent in mid-May by Jai Sharma, Clyde & Co partner and head of casualty and cargo.
The letter was sent on behalf of insurers who urged the Egyptian authority to release the cargo, after payment of a reasonable security, and to revise its salvage claim.
