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“Preparations for the release of the vessel will be made and an event marking the agreement will be held at the Authority’s headquarters in Ismailia in due course,” Faz Peermohamed of Stann Marine, which represents owner Shoei Kisen and its insurers, said in a statement.

However, neither Stann Marine, the law firm representing the vessel’s owners and insurers, nor a spokeswoman for the Suez Canal Authority elaborated on what the deal would entail.

Work was under way to finalise a signed settlement agreement as soon as possible and arrangements for the release of the Ever Given vessel would be made after formalities had been dealt with, Faz Peermohamed of Stann Marine said in a statement.

It’s located off the coast of Hopkins Village in Stann Creek, a district of about 40,000 people in the southeast region of the country.

Covington County Sheriff Stann Smith told The Clarion-Ledger that the cross was found late Wednesday afternoon in Seminary.