Persistence pays off for shipbroker's legitimate claim for outstanding financial commission due from time-charterer.In the latest issue of its Claims Review, International Transport Intermediaries Club (ITIC) recounts the case of a shipbroker…
The London P&I Club has warned that ships are being offered iron ore cargoes for loading in Sierra Leone which are unsafe, and that limited local expertise and technology, together with poor communications, are exacerbating the problems.In the latest issue of its StopLoss Bulletin…
Maritime investigations are a fact of life yet it’s all too easy to assume that they are about finding fault. In fact they are about protecting the seafarer, protecting the crew and of course, protecting the company from liability claims.The…
The problem of stowaways hiding in a ship’s rudder stock recess, especially at African ports, still persists, the American Club has warned its members. They are urged to take proper precautions to prevent stowaways from boarding and hiding themselves in this manner…
The UK P&I Club highlights sudden loss of power incidents, a problem that increasingly occurs during & after the switching to lower sulphur fuels.The Club reveals that main engine failures or electrical blackouts now amount to 7% of its third party claims property damage in US$ terms…
The UK P&I Club highlights sudden loss of power as a cause of claims. The UK P&I Club’s latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur…
Underwriters should be asking more questions at the time of placing or renewing marine insurance to reduce the risk of major incidents and cut unnecessary costs, suggests Braemar (Incorporating The Salvage Association). Speaking at the International…
FOR the seventeenth year in succession, International Transport Intermediaries Club (ITIC) has paid a renewal credit to its members. For the year ended 31 May, 2012, members received a total of $5.2m. In the past seventeen years, ITIC has returned more than $67…
Consequences of US Ports’ Closure The Strike Club has warned that if the looming threat of a stevedores’ strike at 14 ports along the US east and Gulf coasts becomes a reality, it could be the precursor of further labour unrest, not only in the US but elsewhere…
A wide variety of shipowners, operators and other senior maritime professionals from throughout the Middle East region have attended North P&I club’s residential course in P&I insurance and loss prevention held in Dubai this week. A total…
The American Club has issued an urgent alert to its members about the operation of oxy-acetylene equipment without flashback arrestors. This results from a recent casualty leading to a claim and through recent survey inspections, and the…
North P&I Club Reports a 'Stable and Positive' Result in a challenging Market.The ‘A’ rated, 170 million GT North of England P&I club has achieved a ‘stable and positive’ result for the 2011/12 financial year despite challenging market conditions…
“Gotchas” are pitfalls, catches, bait and land mines – a kicker, snare or snag. They are surprises and, in the world of insurance, surprises are rarely a good thing. ‘Gotchas’ can be caused by different things. It may be the age of the coverage forms…
The American Equity Underwriters, Inc. (AEU) 2011 Safety Awards were presented at the annual American Longshore Mutual Association (ALMA) Conference in Grand Cayman on July 30, 2012. The awards are given each year to the best performing…
J. H. Blades's new marine underwriting division will underwrite brown water exposures for specialty retail agents and brokers.Specific coverages will include hull and liability, protection and indemnity, builder’s risk, miscellaneous marine liability…