The owner of the 38,000-dwt B Atlantic(built 1983) has succeeded in a claim against 14 Lloyd’s syndicates and insurance companies led by Navigators and its syndicate 1221.
The vessel was detained in 2007 after the Venezuelan authorities discovered three packages containing 132 kilos of cocaine strapped to the hull, ten metres below the waterline.
There was no suggestion that the Enrico Bogazzi linked owner, Bnavios Navegacao, or successor company, Atlasnavios Navegacao, were implicated or had any knowledge of the cocaine, but there was nevertheless an offence committed under Venezuela’s anti-drug laws.
The
