Insurance company denies it will retrieve valuable Polar Mist shipment

SANTIAGO.- Despite differing media reports asserting that British company Lloyd's ordered the recovery of a million-dollar load aboard the Chilean ship "Polar Mist", which Sank in the Atlantic Ocean in January of this year with 9.5 tons of gold and silver, the legal representative for the firm in Argentina has denied that the company is involved with the case.

"Not that I know of" John Wilson responded from Buenos Aires after being asked whether Lloyd´s was the company that had insured the Polar Mist load and, therefore, financed the cost of the recovery process, which is scheduled to begin next week.

"I have spoken with Lloyd's (in London) several times as a legal representative, but they don't know anything, so the matter remains unresolved", says Wilson.

The legal representative for Lloyd's insists that "no one knows anything about the topic, not even the liquidators".

Reaffirming a complete lack of knowledge within the company regarding the case, Wilson states that he has "spoken to the former president of Cerro Vanguardia, which is the alleged owner of the load, but no one knows anything, the matter is very unclear".