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Attack on ship in Ukraine: BSC seeks USD 22.48 million from insurer

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Bangladesh Shipping Corporation (BSC) has claimed insurance money of USD 22.48 million for their ship, “Banglar Samriddhi” which was damaged in a rocket attack at Olvia port in war-ravaged Ukraine.

The organization recently sent a later to state owned insurer Sadharan Bima Corporation (SBC) seeking USD 22.48 million equivalent to TK 193.32 crore.

“According to a deal with BSC, Sadharan Bima Corporation and London-based Beazley Insurance will pay the claimed money. We have claimed the money following the rules of insurance,” said Commodore Sumon Mahmud Sabbir, managing Director of BSC.

On March 3, the BSC ship stranded at Olvia port in Ukraine since February 23 came under attack leaving its third engineer Hadisur Rahman dead. Later the Bangladesh government announced the ship abandoned and managed to safely rescue other crew members.

The ship remained anchored in the Ukrainian port however.

As no international classification society surveyor will be able to assess the amount of the damages in that ship until the Russia-Ukraine war ends it will take time to get the insurance money, said BSC officials.

In 2018, the ship was included in BSC fleet. According to BSC, its making cost was USD 25.30 million equivalent to Tk 215 crore.

The Ministry of Shipping formed a seven-member probe committee led by a joint secretary to investigate the reason of the attack on the ship.

Source: United News of Bangladesh