Ever Given’s ‘nightmare’ has not ended for many companies involved

The Ever Given ship is no longer blocking the Suez Canal, but the story doesn’t end there with companies embroiled in a lengthy legal battle over the event,

The Ever Given ship ran aground in the southern part of the Suez Canal, Egypt, on March 26, 2021. (Photo: AFP/VNA) The Ever Given ship is no longer blocking the Suez Canal, but the story doesn’t end there with companies embroiled in a lengthy legal battle related to the event, hoping to “save” it. goods worth hundreds of millions of dollars are still being held on this ship for months. IKEA and Lenovo are two of many companies whose goods were detained on board the Ever Given after the ship was stranded at the airport. Suez Canal for six days in March. Many smaller companies such as the British bicycle manufacturer Pearson 1860 and Snuggy UK also had many important orders stuck on this ship. An Egyptian court has detained the Ever Given and its 18,300 containers after the Suez Canal Authority filed its first petition against the ship’s owner, Shoei Kisen Kaisha of Japan, for 916 compensation. million USD for damages and losses caused by the above incident. Therefore, the Ever Given ship and all its cargo are being held at Great Bitter Lake in the canal during the aforementioned legal battle. Many companies have products on ship Ever Given said they were completely unaware of the status of the goods while the proceedings were ongoing, and were not involved in the negotiations surrounding the release of the goods. Even if the parties reach an agreement, these companies or their insurance companies may still be liable for some part of the award. Companies may be forced to spend money under the “General average” clause in international maritime law, under which the parties involved in a shipping voyage are forced to share the costs proportionally if there is a loss. happening. Clyde & Co., a law firm representing companies and insurers with more than $100 million worth of cargo stranded on the Ever Given ship, estimates the total value of the cargo on board at between 600-700 million dollars./.