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A billionaire Australian beef magnate is suing an insurance company after he shelled out $1.2 million to repair his 55-meter superyacht, one of the country’s largest luxury ships.
Trevor Lee, 73, owns the $25 million motor yacht, Keri Lee III, which he named after his award-winning fashion designer, Keri Craig-Lee.
The couple established the Australian Country Choice red meat supply chain, while Mrs Craig-Lee also founded the fashion label, Keri Craig, and designed and coordinated Sir Elton John’s wedding in Sydney in 1984.
Mr Lee is suing insurance company QBE through his charter company, Keri Lee Charters Pty Ltd, in a Brisbane federal court in an attempt to get the insurer to pay the $1,224,072 it spent to repair the damage. to Keri Lee III, reports the mail.
The vessel was being transported to Brisbane when it allegedly sustained a dent, hull scratches, damage to the bow rail and the friction strip on both sides of the vessel.
Inside, Mr. Lee claims there were cracks in several interior shower alcoves, marble vanities and windows.
Australian beef magnate Trevor Lee owns the $25 million superyacht, Keri Lee III (pictured), on which he has spent more than $1.2 million to repair damage.
Mr Lee and his wife, award-winning fashion designer Keri Craig-Lee, established the Australian Country Choice red meat supply chain
The Keri Lee III was built by Trinity Yachts in the USA in 2001.
It has accommodation for up to 12 people in six suites that include a master suite, a VIP cabin and four double cabins.
There are six berths on the yacht, with four king beds and two doubles.
The superyacht features a state-of-the-art movie theater, beauty salon, bar, deck Jacuzzi, gym, and two dinghy.
Guests can also enjoy using the two jet skis, water skis, scuba gear, wakeboards, kayaks, and beach games on board.
The Keri Lee III has space for up to 12 crew members, including a chef and masseuse.
The yacht had a refit in 2016 and was refurbished in 2020.
Lee rents out his superyacht for up to $365,000 a week through his company.
The Keri Lee III was built by Trinity Yachts in the USA in 2001 and refurbished in 2020.
The yacht has space for up to 12 guests who can choose from six suites including a master suite, a VIP cabin and four double cabins.
The ship has a state-of-the-art movie theater, a beauty salon, a bar, a Jacuzzi on the deck, a gym, and two dinghies.
Mr. Lee charters his superyacht for up to $365,000 a week through his company, Keri Lee Charters Pty Ltd.
The beef boss alleges that the damage to the Keri Lee III occurred on May 10, 2020, in a port in the city of Genoa, Italy.
Keri Lee Charters claims the ship was being loaded onto a transport ship for its return journey to Brisbane when it was damaged.
The yacht allegedly came into ‘contact’ with the ship on her starboard side and two steel mooring posts on her port side while being loaded.
Two days later, the claim alleges that the yacht fell onto its port side from a ‘wooden support’ and the underside of the hull smashed into several steel supports.
The Keri Lee III is alleged to have been damaged while being transported from Genoa in Italy to Brisbane via large transport ship (Pictured Cartier Lee, the daughter of Trevor Lee and Keri Craig-Lee)
Mr. Lee had originally filed a claim for $1.06 million through his charter company on August 11, 2020. QBE accepted liability and agreed to compensate the meat magnate.
Keri Lee Charters is continuing repairs to the superyacht stemming from the incident in 2020.
Mr. Lee had originally filed a claim for $1.06 million on August 11, 2020, just three months later.
QBE accepted responsibility and set out to compensate Keri Lee Charters, but has so far only paid $170,000 for the repairs.
There is still no date set for a court hearing on the matter.