The United States and the flag state of the seized ship would have input into the selection of some of these arbitrators.

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The U.S. Coast Guard makes at least one annual safety inspection of ships operating in U.S. waters, regardless of the flag a ship flies, said a coast guard spokesman.

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The ship has been flying a Curacao flag, but it will be switched to a Russian flag "in order to avoid a possible detention of the ship, " the state-run Itar-Tass news agency reported.

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Today the ship, which was sailing under a Cypriot flag, is docked in the Port of Limassol.

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