After issuing the letter of credit (L/C), the vessel carrying the goods sank and all goods were destroyed.

3. Further expresses its alarm at the fact that, since the beginning of the recent events in North Africa, there have been several reports of boats sinking and, in this regard, notes with sadness the death at sea of several hundreds of people, mostly African citizens, after their boats sank and that, according to accounts of survivors and family members, more than one thousand two hundred people are still unaccounted for;