The primary purpose of the insurance of the ship's hull and machinery is protection of the investments made by the ship's owner. In fact this is the insurance of the property covering the vessel together with her machinery and all shipboard equipment. This allows the ship owners to get necessary protection from the losses normally caused by damage occurred to their ships or total loss.

This booklet starts with the brief introduction to the maritime insurance followed by the chapter explaining the working principle of the P&I insurance. The risk evaluation and statistical loss records are dealt with in the next chapters. Then, the authors of the document addressed the liability for the damage to the transported cargo and passenger claims together with the extraordinary handling costs and personal injury.

Among other important topics covered in the present volume we would definitely mention the fines and general average contributions, pollution to the environment, wreck removal, ancillary covers etc. The publication will be of practical interest to the people willing to be kept updated with the latest happenings in the world of marine insurance and maritime business in general, the content will be very helpful.

316 Views 0 Comments Read more

The present guidance is intended to provide all necessary support to the shippers and forwarders as well as the booking staff of the shipping lines and persons directly involved in packing various dangerous cargoes into transport units for their further transportation by sea. The authors would like to underline that the assisting parties shall have clear understanding of their duties since it will allow to enhance the communication between different participants of the transport chain and achieve compliance.

The provisions of the IMDG Code Amdt 38-16 has been reflected in this publication. The material in this guide is arranged in two parts. The first part describes operational steps breaking down the whole process of preparation and booking the goods into several steps, from their classification and selection of their packaging to packing the unit and producing the packing certificate.

In turn, the second part of the guidebook is giving readers a background to the Code and numerous useful references. The document will be of great practical interest to all people engaged in marine transportation of goods falling under the provisions of the IMDG Code and is therefore recommended to be placed on board.

633 Viewing 0 Comments Read more

This Standard Club publication is dealing with marine transportation of seedcake. Let us see what the seedcake is. In fact, it is the residue that remains upon removal of the oil from the oil bearing seeds as well as cereals and relevant products. This is normally achieved by either solvent extraction or mechanical crushing. The seedcake is used as fertilized or animal feed and is the by-product of the vegetable oil production process.

Seedcakes are considered hazardous cargoes since they can self-heat. Even though the process of self-heating is quite slow, it can eventually result in the rise of the bulk temperature of the cargo and at some point the self-ignition will inevitably take place. Therefore the shippers are required to provide relevant certification from the person recognized by the competent authority that would confirm the moisture and oil content of the cargo based on the UN number.

The high moisture content of the cargo will promote significant microbiological activity resulting in the rise of the temperature to as high as seventy degrees and to deterioration in the quality. This will normally not cause ignition; however the accelerated oxidation of the residual oil will take place in this case. As a result, the temperature will sufficiently rise.

282 Viewing 0 Comments Read more

This informational booklet released by Signum has been devoted solely to this unique organization engaged in the investigation of the maritime crime for the Members of the UK P&I Club. This is the in-house investigation department operating as an integral part of the Club and offering bespoke investigation services. The main and primary task of this entity is to make sure that the confidential, professional and immediate responses are provided during the investigation of the various maritime crimes.

The professionals of this company have been providing their services for more than sixty years accumulating huge experience and knowledge. The qualifications of the Signum investigators enables the company to get involved in the investigation of any maritime incidents involving criminality. One of the typical investigations conducted by the Signum specialists involves containerized transportations of the high value cargoes gone missing.

The requests for assistance and investigation are normally received from the Club's executives; alternatively, they may be initiated directly by the Club Members. The problems are then identified and all available documentation collated and reviewed.

304 Viewing 0 Comments Read more

The present booklet which has been officially published by The Standard Club is devoted to the misdeclared cargo. The transportation of such cargo can actually become a worst nightmare for any ship owner. It can sometimes lead even to the major casualties and put the safety of the crew, the vessel and cargo on board, as well as the environment at significant risk. In fact misdeclaration of the cargoes should not be treated as any new phenomenon.

There have been numerous incidents involving misdeclared cargo. The content of this document has been arranged in five sections with the first section being purely introductory. The second section is dealing with the misdeclared transportation of the calcium hypochlorite. The next two sections address the cargo incident notification system, organization, and the experience of the P&I Club members in the field of misdeclared goods.

The publication concludes with the information about the rights of recovery relating to the misdeclared dangerous goods. Though the volume is very compact, its content will be very useful to any person engaged in transportation of the cargoes by sea that is why we recommend everyone to have a close look in it.

374 Viewing 0 Comments Read more

The official guidance publication issued by the UK P&I Club to provide information about the so-called PEME, standing for the pre-employment medical examination programme. Subject UK P&I Club programme has been named the leading and most effective initiative in the field of loss prevention within the Club. All clinics approved under PEME will be accountable to the Club and all its Members for performance.

The scheme has been specifically designed in order to protect owners of the ships from the claims that commonly arise from the medical conditions that were existing before employment. Another goal is to provide the crew members with the perfect health checks before they go to work at sea.

In fact this program is deservedly considered most inclusive and remarkably extensive system currently available in the maritime shipping industry and is one of the fundamental elements of the loss prevention scheme established in the Club.

This compact booklet will provide the basic information about the program, starting with the introduction. The chapters of the booklet cover the examination schemes, the Crew Health process and relevant advice, testimonials and other information.

261 View 0 Comments Read more

The UKDC publication dated November 2014 and giving the clear answers to the most important and frequently answers about the OW bunkers, e.g. what OW entities are actually affected, whether they could act as physical suppliers/intermediaries or not, what approach should ship owners apply when facing a threat of arrest by the physical supplier, what conditions/terms shall be applied to the contracts with OW, and some other questions of critical importance. The content of this compact yet practical and informative booklet will be appreciated by anyone involved in the shipping business.

1690 Views 0 Comments Read more

This official UKDC publication was released to cover such critically important aspects of the counterparty risk as causation, development of the law, remoteness, mitigation, accepting repudiator breaches, assessment of damages, date that damages are assessed, wasted expenditure as basis for damages, "cost of cure" basis of assessment.

It is important to define if the certain loss types would be recoverable in any case. And the main problem associated with this is to show that they were actually not too remote. After that, the claimant proceeds with the assessment of the damages incurred. In most cases courts look to the assessment in monetary loss terms...

1721 View 0 Comments Read more
1 2 3 4 5 6 »
Enter the site
Read Later

    The "Read Later" function allows you to add material to this block with just one click. Just click on the icon and read the articles that interest you at any convenient time.

Top Posts
Rate my site