War Risk Insurance for Title XI Mortgaged Domestic Vessels

Tuesday, February 12, 2002
The U.S. Maritime Administration (MARAD) has issued its policy review with regard to commercial war risk hull and P&I insurance on Title XI mortgaged vessels operated exclusively on the inland rivers and intercoastal waterways of the United States and the Great Lakes. MARAD has for the time being determined to continue to follow its long-standing policy that waives the Security Agreement requirement for commercial war risk insurance for such vessels. MARAD retains, though, the option to rescind or revise the current waiver policy if circumstances warrant. Source: HK Law

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0646 sec (15 req/sec)