The large container ship has been held in Egypt because it blocked the Suez Canal.

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A consultant for the house owners and insurers of the large cargo ship, Ever Given, says an “settlement in precept” has been reached with the Suez Canal Authority (SCA), CNN reports

In a press release, director Faz Peermohamed of Stann Marine, says the 2 sides are securing the final particulars of the pact following weeks of discussions. 

“We are actually working with the SCA to finalize a signed settlement settlement as quickly as potential. As soon as the formalities have been handled, preparations for the discharge of the vessel will probably be made.” 

Appearing lawyer for the SCA and head of the negotiating committee, Khaled Abu Bakr, confirmed the standing.

In March, the quarter-mile-long vessel made headlines when it blocked the Suez Canal for six days.

Associated: Large Container Ship Finally Freed From Suez Canal

After the ship was dislodged, the Suez Canal Authority filed a $900 million compensation declare towards the ship’s proprietor, Japan’s Shoei Kisen Kaisha or Evergreen, looking for compensation for damages. Egypt’s authorities then impounded the ship together with its 18,300 containers of cargo, price lots of of thousands and thousands of {dollars}.

Even after Ever Given is launched, the ship might not sail instantly. 

Associated: What Can Warehouses Now Do to Minimize Suez Canal Damage

Clyde & Co. accomplice Jai Sharma says “It’d want some repairs or it might be permitted to sail slowly.”

Sharma says the ship will most certainly head to Rotterdam, it’s subsequent scheduled vacation spot — a voyage that would take as much as three weeks.