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Shipmaster Put Boat At Piracy Risk, Insurers' Atty Says

Law360, London (March 4, 2019, 4:21 PM GMT) -- The master of a ship destroyed by an explosion off the Yemen coast in 2011 knowingly breached industry rules when he cut his engines in waters prone to piracy attacks, a lawyer for insurers seeking to avoid up to £77 million in indemnity payouts argued at a London court on Monday.

Jonathan Gaisman QC, who represents a group of 10 insurers being sued by Piraeus Bank AE for losses suffered in the incident, said at the High Court that Captain Noe Gonzaga’s decision to stop the main engine and drift in a “high-risk” area was in breach of international industry guidance...

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