Onego Traveller

* We have received reports that general cargo ship ONEGO TRAVELLER experienced an ingress of water and subsequently sank in a limited depth of water in a position south of Great Abaco Island, Bahamas on 27 December 2022.

* We understand that the vessel's bridge, cranes and foremast remain partly above the water line.

* Professional salvors are instructed on LOF terms to attempt to salvage the vessel and its cargo. Consequently, Salvage Security will be required to be provided by a party acceptable to the Salvors or the Council of Lloyd's in respect of all cargo stowed on board the vessel 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 have already been instructed by Cargo Insurers concerned with the remainder of cargo stowed on board the vessel and we may therefore able to offer certain economies of scale in respect of any third party costs which may need to be incurred to investigate matters and to mitigate any losses arising as a result of this casualty.

* We therefore recommend that you contact us if you are concerned with the above-referenced cargo stowed on board this vessel so that we can immediately start taking steps to also protect your interests in this matter.