Our Correspondent in Libya, Shtewi Legal & Pandi Services, has provided us with the following information and statement as issued by National Oil Corporation :

Quote

The Libyan National Oil Corporation (“NOC”) has officially reinstated and reinforced the declaration of Force Majeure to (Essider, Ras Lanuf , Zuetina and Hariga) terminals.

NOC wishes to make clear that the crude oil and products located and stored in these terminals, is the property of NOC and its’ Partners.

No person or entity except the NOC and its legitimate Partners may transfer title to such crude oil.

NOC will pursue all of its’ remedies to preserve and enforce its rights over the cargo and to hold responsible all the parties participating in illicit transactions relating to it in any jurisdiction, both within and outside of Libya.”

Unquote  

Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.