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In Venezuela Oil Beef Over CITGO Cargo Guaido Supporters Sue Insurers Who Say No Insurrection

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Dec 15 – Venezuelan oil firm CITGO lost over 900,000 barrels of oil aboard the M/T Gerd Knutsen to "Venezuelan actors" on February 9, 2020. It was insured, and CITGO sued and insurers for not paying.  But who is suing?     

          On December 15, U.S. District Court for the Southern District of New York  Judge Gregory H. Woods held a proceeding. Inner City Press covered it.  

The complaint for CITGO is clearly on behalf of supporters of Juan Guaido. The Venezuelan actors who took the oil are described a "Maduro loyalists." 
 The insurers' defense is that "the Maduro regime, whatever its legitimacy may be, was not an insurrection against the Guaido government."

 Now the insurers want an extension of time to conduct expert discovery.

The case is  Citgo Petroleum Corporation v. Ascot Underwriting Limited, for and on behalf of Lloyd's Syndicate 1414 et al., 21-cv-389 (Woods)


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