Asia Graeca

* It is reported that bulk carrier, ASIA GRAECA, grounded at km 453 of the Parana River shortly after departure from San Lorenzo, Argentina on 18 November 2020.

* The vessel was later refloated with the assistance of professional salvors the following day and was returned to San Lorenzo port for inspection.

* ASIA GRAECA is reported to have been loaded with 39,300 metric tonnes of soybean meal, bound for Japan, at the time of the grounding.

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

* Salvage Security may be demanded from a source in the UK and W K Webster may be able to assist. Security provided by WKW is acceptable to the Council of Lloyds and widely preferred by professional Salvors.

* In addition, 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 urgently if you are concerned with any cargo on board this vessel and you require our assistance in this matter.