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Insurance Implications News

08 Oct 2019

American Club Addresses Bunker Fuel Issues

Joseph E.M. Hughes (Photo: The American Club)

The American Club has released its latest loss prevention guidance, Bunkering – A Compendium, together with website access to a comprehensive approach to loss prevention initiatives demanded by new regulations and generally by supplying guidance on operations and management.The Compendium is intended to give guidance not only in respect of issues arising from the new MARPOL regulations coming into effect on January 1, 2020, but also in regard to best practice generally in the conduct of bunkering operations.Joseph E.M.

20 Jun 2016

Industry Unprepared for New Container Weighing Rules, says IUMI

Helle Hammer, Managing Director Cefor & Chair of the International Union of Marine Insurance (IUMI) Political Forum discuss about Container Weighing Rules. As of 1 July 2016, only containers with a verified gross mass will be allowed to be loaded on board a vessel (although IMO is allowing a grace period of three months). Although the new SOLAS requirement was adopted in 2014, many shippers and forwarders are still unprepared, and masters will have little choice but to refuse unverified containers. In the short term, non-compliance is likely to affect the cargo insurance sector. Issues include increases in risk exposure due to disturbances in the supply chain…

13 Dec 2013

Slow-Steaming Through a Legal & Insurance Minefield

Image courtesy of UK P&I Club

What’s the problem? On one side the owner has an obligation to follow the charterer’s slow-steaming instructions under the charterparty yet on the other the owner has the usually implied obligation under the Bill of Lading to proceed with due dispatch. Due dispatch means the most direct route at the fastest speed. There is legal authority that an unreasonable delay is a deviation. A deviation in this respect is a departure from the contractually agreed voyage that deprives the carrier of the defences and rights of limitation that are usually available under The Hague or Hague Visby Rules.