- — The Maersk Klaipeda – is the carrier obliged to protect the receiver against fraud by the shipper?
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at 10/29/24 4:00pmThe English High Court has issued a judgment concerning a carrier’s duty when issuing a bill of lading to check the declared weight of a container. Maersk agreed to carry a number of containers onboard the Maersk Klaipeda said to contain valuable copper wire scrap. The shipper declared the gross and tare weight of each ...- — Guidelines to flexitank safety issued
- at 10/29/24 12:00pmSteady growth in flexitank usage around the world prompts container owners and specialist insurer to offer safety guidelines to assist shippers, forwarders, carriers and terminals to handle cargo carried in these units with minimal risk. Global freight insurance provider, TT Club has issued the latest in its series of Stop Loss publications together with the ...
- — Hull & machinery: Cefor Sanctions Due Diligence Questionnaire
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at 10/25/24 3:00pmThe questionnaire has been developed by the Cefor Sanctions Forum, in line with practices and requirements already in place. The Cefor Sanctions Due Diligence Questionnaire is a resource to ensure that necessary voyage information is provided to the insurer. This applies to, for example, voyages requiring an Additional War or Ice Premium. Note that the ... - — Steamship Mutual: Financial update and 2025 Renewal
- at 10/25/24 3:00pmHighlights •There will be a capital distribution to Members of approximately US$42 million allocated as 12.5% of the 2024/25 mutual PI premium for vessels renewing on 20th February 2025 (subject to regulatory approval). •At the 2025/26 renewal there will be a 5% general increase applied to premium on all classes of business. •At 20 September ...
- — The International Union of Marine Insurance (IUMI) has released its 2024 analysis of the global marine insurance market – the IUMI “Stats Report”
- at 10/22/24 3:00pmThis annual document reports on the health of the marine insurance sector within the framework of the global economy, trade and shipping. Data is gathered from a number of agencies including IUMI’s own sources and is analysed and presented with some additional commentary. Highlights from this year’s report includes: Global marine insurance premiums in 2023 ...
- — Reducing air pollution from ships in California ports
- at 10/22/24 3:00pmCalifornia’s regulation for ocean going vessels at berth Since 2014, the California Resource Board (CARB) has regulated emissions from container, refrigerated cargo (reefer), and passenger vessels that visit certain state ports. Following the positive results of this regulation, and in an effort to further reduce the publics exposure to air pollution caused by commercial vessels ...
- — Seafarers’ Wages Regulations come into force
- at 10/20/24 3:00pmThe new UK government is bringing into force measures relating to seafarers’ wages, the framework for which was contained in the Seafarers’ Wages Act 2023. The Act was passed after PO dismissed almost 800 seafarers in 2022 and its aim is to ensure that seafarers on services that are frequent visitors to UK waters are ...
- — MLC Amendments entry into force: 23 December 2024
- at 10/18/24 3:00pmMLC Amendments entry into force 23/12/2024 The 2022 amendments to MLC 2006, adopted at the ILO 110th session in Geneva, are expected to come into force from 23rd December 2024. The amendments can be read in full here but we provide a brief overview below for ease of reference. Regulation 1.4 – Recruitment and ...
- — Cargo stowage failures on the rise off South Africa
- at 10/18/24 4:00amThe last few months of the southern hemisphere winter have seen some severe weather conditions off the Cape of Good Hope, and we have seen several incidents occurring. The area has a reputation for stormy confused seas, large swells and rogue waves, which pose extra risks for ships and their crews. Sadly, there have been ...
- — New loss prevention tool helps ships navigate heavy weather
- at 10/17/24 4:00amExtreme weather incidents are increasing across the globe and the impact on cargo ships is evident. Maritime insurance specialist The Swedish Club reports that it registered claims exceeding 25million USD attributable to heavy weather over the past five years. In response, The Swedish Club has developed a Heavy Weather Alert tool as an addition to ...
- — IUMI issues best practice recommendations on the use of flexitanks
- at 10/17/24 4:00amThe International Union of Marine Insurance (IUMI) on October 10 published a comprehensive best practice guide for the safe use of flexible tanks for the transport of liquid cargoes. Its objective is to provide underwriters, brokers and their clients with practical guidance to ensure cargoes transported by flexible tanks arrive intact at their chosen destination. ...
- — Regional sulphur emission limits at a glance
- at 10/14/24 3:00pmFrom time to time Members and clients contact Gard and ask for advice when a ship has been fined for burning non-compliant fuel in a port or waters where special sulphur emission regulations apply. In some cases, ships may have unknowingly burned fuel with a sulphur content exceeding the permissible limit, e.g. because the bunker ...
- — India: Centre considers seed funding to establish a shipping insurance entity
- at 10/13/24 3:00pmWith little progress in establishing a protection and indemnity (PI) entity to insure cargo vessels, the Centre is considering deploying its own funds as preliminary investment. This approach would involve private insurers and shippers contributing at a secondary stage, according to multiple officials familiar with the development. More than a year after Union Finance Minister ...
- — Shipowners success in China’s Supreme Court: no change in cargo condition during transit
- at 10/11/24 3:00pmThe Club has in recent years experienced a large number of cargo claims in China arising from the shipment to China of agricultural products especially soyabeans. The Club supported Shipowner members in a recent case and successfully defended a claim for alleged damage to a cargo of DDGS before the Chinese Supreme People’s Court with ...
- — EU MRV heads offshore
- at 10/11/24 4:00amThe EU targets offshore vessels to monitor, report and verify, and ultimately reduce, their GHG emissions. But when will this start and what size vessels are impacted? • From 1st January 2025 offshore and general cargo vessels over 400 GT will be required to comply with EU monitoring, reporting and verification requirements (EU MRV). • ...
- — IUMI issues best practice recommendations on the use of “flexitanks”
- at 10/10/24 3:00pmToday, the International Union of Marine Insurance (IUMI) has published a comprehensive best practice guide for the safe use of flexible tanks for the transport of liquid cargoes. Its objective is to provide underwriters, brokers and their clients with practical guidance to ensure cargoes transported by flexible tanks arrive intact at their chosen destination. Flexible ...
- — Revolutionising marine insurance with AI: TM’s partnership with Hefring Marine
- at 10/9/24 3:00pmIceland’s largest marine insurer has found that encouraging its customers to use an AI -driven ‘digital assistant’, designed to assist decision making at the helm stations of fast craft, looks set to enhance loss prevention strategies. TM Insurance, founded in 1956, has established itself as Iceland’s premier marine insurer. Initially created by companies in the ...
- — Beware onerous ‘Conditions of Use’ liabilities
- at 10/8/24 4:00amTerminals sometimes require an owner to accept certain conditions before allowing the vessel to access or use their facilities, typically in the form of a conditions of use document, port liability agreement or similar (COU). This is particularly common at liquefied natural gas terminals. While it is normally the shipowner (or the Master on their ...
- — Coordinate precautionary surveys in advance to avoid inconveniences when loading grain in Uruguay
- at 10/6/24 3:00pmMembers are recommended to make the necessary coordination in advance with charterers/shippers to get their authorisation timely in order to avoid inconveniences with the surveys. Correspondent Chadwick Weir Navegacion S.A. provide the below updates: As per the latest officials reports, China has once again consolidated its position as the main destination for Uruguayan exports, driven ...
- — BIMCO offers guidance on reducing single use plastics onboard ship
- at 10/4/24 11:00amAccording to the United Nations Environmental Programme (UNEP), plastics are the largest, most harmful and most persistent fraction of marine litter accounting for about 85 per cent of total marine waste. Annex V of MARPOL prohibits the discharge of all plastic waste from ships but such waste can reach the ocean if mismanaged on land ...
- — Crucial Advice on Safe Transport of Charcoal Published
- at 10/4/24 4:00amNew “Guidelines for the Safe Carriage of Charcoal in Containers” have been issued by CINS, with the cooperation of the international Group (IG) of PI insurance providers and TT Club. The regulatory requirements for transport by sea are outlined and additional precautionary measures proposed. The Cargo Incident Notification System (CINS), a safety initiative representing container ...
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