Libyan Insurer Denies $41M Liability Over Seized Ship

Law360, London (December 18, 2019, 6:23 PM GMT) -- A Libyan insurer is pushing back against a shipowners' claim in London for $41.5 million over a detained vessel, claiming a court ruling overturning the basis for seizing the cargo container doesn't mean the company has to pay up. 

Attorneys for the Libya Insurance Company flatly rejected the notion that a decision by Bulgarian maritime authorities to seize the tanker Badr — which was later deemed illegal by Bulgaria's Supreme Court — fell outside the "ordinary judicial processes" in that country, according to a filing with the High Court on Monday.

The insurer balked at recent arguments made by the owners, Libyan Navigator Ltd....

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!