CONTSHIP KEY

------------------UPDATE-------------------

11 September 2023

* We have received updated information concerning the casualty to containership, CONTSHIP KEY.

* It is now reported that the vessel was taken under tow by tug to Pascagoula, USA for inspection, and possibly repairs.

* Consequently, if assistance was contracted on Lloyd's Open Form (LOF) terms, Salvage Security may 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 all 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 on board this vessel so that we can immediately start taking steps to protect your interests.

------------------ORIGINAL-----------------

* We have received reports that containership, CONTSHIP KEY, experienced an engine failure whilst navigating the Gulf of Mexico, in a position approximately 230 nautical miles south of New Orleans, on 4 September 2023.

* Subsequently, the vessel was disabled and adrift. Vessels in the vicinity have been requested to keep a look out and to report to RCC New Orleans.

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

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