Lloyds Insurance company in London announced today that the Karin A is registered as an Iraqi ship. Last summer, the vessel was sold to an Iraqi citizen, Ali Muchmad Abas, for $400,000. The IDF spokesman announced yesterday that the head of arms acquisitions for the Palestinian Authority was involved in the purchase of the ship.



The PLO ship was intercepted in a raid by IDF commandos early Thursday morning and was found to have on board over 80 tons of weaponry, 30 tons more than initially reported. The ship was headed towards a PLO-controlled area in Gaza where its contents were to be delivered to high-ranking PLO naval commanders and then used in future attacks on Israeli civilians and soldiers.



In the Eilat military port, the arms were placed on display before foreign diplomats and the press. Speaking in Eilat, Prime Minister Sharon said that the raid on the ship, with weapons designated for the PLO was, “Another milestone in [Israel’s] ongoing and just battle against the forces of terrorism of the Palestinian Authority and its leader.”



Standing next to the Karin A, Sharon said: “This ammunitions ship behind us is part of a campaign of terror being conducted against us by the Palestinian Authority. This ship of terror, which was on its way to the Gaza shore, was a threat each and every one of you - in Tel Aviv as in Emanuel, in Haifa as in Ariel, in Herziliya and Ashkelon as in Elei-Sinai and Netzarim.”



“The type and character of the weapons and ammunition discovered on the

ship prove once again that the Palestinian Authority has been focusing all its efforts on terrorism and preparing the operational infrastructure for the next waves of terror… Let there be no mistake - this is the choice made by the Chairman of the Palestinian Authority.\"



\"The Palestinian Authority is a major player in the network of international terrorism, spearheaded by Iran and aimed at sowing death and destruction throughout the entire world.\"



Sharon accepted the recommendation of the IDF Chief of Staff that the entire relationship with the Palestinian Authority must be reassessed. He said that the PLO drive to amass weapons casts doubts on any future agreement between the sides. Sharon also thanked all the members of Israel’s security forces, intelligence community, and every soldier who took part in the mission.