Required Insurance News

Wreck Removal Convention Inforce From April

The insurance and certification requirements of the Convention on the Removal of Wrecks become effective this April. In this connection, the Danish Maritime Authority has a request for Danish companies and shipowners. All Danish ships of or above 20 GT (gross tonnage) must take out insurance or other financial security to cover the owner’s liability in connection with the removal of wrecks. The ships must not engage in trade at all if such insurance or other financial security is not held. The regulations apply to all types of ships – not just merchant ships, but also fishing vessels, passenger ships and recreational craft. Large ships of or above 300 GT must carry a certificate on board, certifying that they have the required insurance/financial security.