Ahmed Hasan/AFP via Getty ImagesThe UK Club, representing Japanese company Shoei Kisen Kaisha,arguing that the SCA had not provided a detailed justification.
The UK Club said it made a"carefully considered and generous offer" on April 12, but the SCA had turned it down. The size of the offer has not been made public.Sayed Hassan/picture alliance via Getty Images— a mechanism that shares losses between the owners and its cargo clients.— a legal entity that can cap some claims against it, specifying a maximum of $115 million. It is unclear whether that mechanism will in practice reduce its liabilities.
Egypt needs to be sued for Trillions ... disrupting global commerce.
Is this a ransom now?
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