Monday, September 01, 2014
   
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Marine Insurance and Looters

Tomi EleganceHaving gone ashore during Typhoon Haiyan on 8th November, the owners of the general cargo ship Tomi Elegance was seeking to declare the vessel a constructive total loss, if the cost to refloat and repair the vessel proves to be excessive.

Looking at photos of the ship high and dry there seems little doubt that this is indeed the case. Tacloban Oil Mills were awaiting the arrival of surveyors at Tacloban City to determine the extent of damage sustained.

The vessel was also targeted by looters, who stole the vessels supplies, equipment and a part of the vessels cargo of 500 metric tonnes of copra.

More on this and other news in Sea Breezes Magazine - February 2014 Issue
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