Bermuda-domiciled Shipowners Insurance and Guaranty Company Ltd., from which the U.S. Department of Justice has demanded $4.4 million in damages for the grounding of an oil tanker, is seeking to recover the amount, plus $1.2 million in fees and expenses, from a shipping firm - Margara Shipping Ltd. - that was struck off the Cayman Islands Companies Register nearly 10 years ago.
Bermuda ship insurer SIGCo seeks $5.6M from Cayman oil tanker owner struck off 10 years ago
This photo in 2006 from the U.S. National Oceanic and Atmospheric Administration shows the grounded oil tanker Margara
4 weeks ago
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Bermuda Cayman Islands Insurance Puerto Rico USAKeywords
Erich Schlegel Harald Block Klaus-Peter Timsries Margara Shipping Rolf Jacob