The principle was reached in principle with the Egyptian Suez Canal Authority on the Giant Container Channel.
According to Arab Net, lawyers said: We are now working with the Commission to finalize a signed settlement agreement as soon as possible.
The law firm said in a statement as soon as the formal procedures were dealt with, arrangements would be taken to release the vessel.
Two days ago, the container ship, which closed the Suez Canal in March, made a new offer in a compensation conflict with the Channel, and a judicial sentence was postponed for two weeks on Sunday. To allow more time for negotiations.
This comes, after a giant container ship Ever Geven in the lakes on time since it was deported on March 29, after it caused the movement of navigation in the channel for six days, resulting in hundreds of ships and disrupting global trade.
The Suez Canal Authority called for compensation for $ 916 million to cover rescue efforts and damage to reputation and loss of revenue, before claiming to be reduced to $ 550 million.
The Ever Giving ship, the Japanese company Shui Kisen and its subsidiaries and insurance companies have exhibited the prosecution and detained the vessel under an Egyptian court order.
"The negotiations lasted until Saturday,
Which, the company, represented by the ship and insurance companies, Stan Marin: over 15 days and in extended, long and arduous sessions, but positive, the negotiations are held.
According to a statement during the negotiations we presented a proposal, we believe that all the requirements of the Subsidiary Body for Accreditation, added that the details would remain confidential, the Reuters reported, and Arabic.
The head of the Suez Canal Authority, said earlier that Shui Kissen was offered 150 million dollars.
