Braemar: Ask Questions to Cut Casualties, Costs

press release
Monday, September 24, 2012

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 Union of Marine Insurance annual conference in San Diego last week, Regional Director for the Americas, Richard Gayton, said the vulnerability of vessels to both attritional and major losses should not be masked by the label of human error. He called for underwriters to ask more detailed questions when rating or determining the need for a Risk Assessment survey to ensure these vulnerabilities were properly identified at the time of placing.

 

With manning levels having more than halved in the past sixty years and automation on board resulting in fewer technical personnel , Mr Gayton pointed out that recruiting surveyors to survey damages, review tenders, monitor repairs and approve costs will ultimately significantly reduce restoration costs when casualties do occur.

 

“Underwriters play a pivotal role in our market, having driven necessary industry changes in the past whilst industry players have dragged their heels. More pointed questions by underwriters at placing, especially regarding crewing levels and training, could make a real difference to restoring unjustifiable deficiencies, and so cutting casualties and costs.” he said.
 

Maritime Today


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

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

Casualties

42 People Rescued after Abandoning Ship off Hawaii

Forty-two people are safe after abandoning ship approximately 1,800 miles south of the Hawaiian Islands, Thursday, the U.S. Coast Guard reported.   Crewmembers

NTSB to Search for El Faro’s Voyage Data Recorder

Second search mission to sunken El Faro seeks to locate missing voyage data recorder   The National Transportation Safety Board (NTSB) said it will initiate a

Innovative Equipment Will Help Unload Listing Ship

Following Smit Salvage’s salvage of the stricken ship Modern Express in the Gulf of Biscay, another Rotterdam company has now become involved in the rescue operations.

Maritime Safety

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

Video: Catapult Testing on Aircraft Carrier Abraham Lincoln

U.S. shipbuilder Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has begun testing the updated catapult systems aboard the U.S. Navy aircraft

Owner Fined for 'Dangerously Unsafe' Vessel

The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction 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: 0.0950 sec (11 req/sec)