We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Allianz Unit Avoids Payout Over Ship Grounded Off China

Law360, London (March 8, 2019, 3:57 PM GMT) -- The Austrian subsidiary of Allianz SE will not have to pay out for the costs of salvaging a container ship that was grounded off the Chinese coast in 2011 after an admiralty judge said the owners were at fault, ruling on Friday that the vessel was unseaworthy.

Judge Nigel Teare ruled that Allianz Elementar Versicherungs AG is not liable to contribute $800,000 that the owners of the ship had claimed. The owners had argued that the incident was caused solely by an uncharted shoal or shallow water.

“The vessel was unseaworthy before and at the beginning of the voyage from Xiamen...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!