Joint Hull Committee Reviews International Hull Clauses

Tuesday, June 10, 2003
The Joint Hull Committee (JHC) has started a market-wide review of the International Hull Clauses, thereby fulfilling a commitment to conduct a six-month reassessment it made when the clauses were first launched on November 1, 2002. A revised version of the clauses will be issued in November this year, based on feedback from the review. The clauses have achieved a large measure of success in producing a clear and self-contained policy document incorporating new areas of cover, and both the shipping and insurance support industries have been quick to commend underwriters for their willingness to engage in open and positive discussion about the practical impact of the new conditions. The JHC is aware that the introduction of new insuring conditions inevitably represents a compromise between conflicting interests and opposing viewpoints, and is therefore keen to press ahead with plans to determine what, if any, refinements are required. The JHC has therefore written to insurers, claims adjusters and shipping interests, inviting their views on any areas of the clauses which could be amended in order to help establish them still further in the forefront of commercial wordings. The deadline for responses has been set at July 31. Simon Beale, chairman of the JHC, says, "We believe it is essential that a broad spectrum of opinion is again sought, and we hope to receive feedback from all areas of the maritime world. All the points raised in this way will be discussed and evaluated by the working parties in anticipation of a second release. We are anxious to capitalise on the positive aspects of the new clauses, and to address any negative points. We are very aware that a balanced wording is only made possible by taking into account comments and suggestions made by all parties to the hull insurance contract."

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35

Winners of International Seafarers' Welfare Awards

The winners of ISWAN's International Seafarers' Welfare Awards 2016 were announced on 24th June at a high-profile ceremony held in Manila, the Philippines. The

Maritime Needs More Women Power

United Nations  International Maritime Organization (IMO) Secretary- General Ki Tack Lim pushed for the increased involvement of women in the seafaring industry

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Electronics Sonar Winch
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: 0.0680 sec (15 req/sec)