The owner and insurer of a bulk carrier which grounded off the coast of Gibraltar are likely to turn to international conventions to limit liability.

The 35,362-dwt OS 35 (built 2009) is hard aground off the peninsula and has broken its back. The wreck has leaked fuel oil which has mostly been contained.

Its protection and indemnity insurance, which would cover pollution-related costs, is understood to be placed with British Marine.