Insurers, Oil Cos. Want Shipper To Pay For Polluted Fuel

Law360 (January 23, 2019, 1:23 PM EST) -- A Lukoil unit and a fleet of insurers have sued a Danish shipping company in London seeking to recoup the cost of purifying biodiesel contaminated at sea, saying leaking water forced them to sell the fuel at a steep cut.

Indonesian energy company PT Cemerlang Energi Perkasa, Lukoil's international marketing and trading company Litasco SA and 21 insurers including Allianz and Chubb European Group have asked a judge in London to force Danish shipper Torm A/S and ship owner Vessellco 4 Pte to cough up £690,750 ($903,295) in damages.

The energy companies and insurers laid out their claim in a Jan....

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