Articles from August 2009:

Sydney yacht fire raises questions of marina operator’s liability

3 August 2009

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The recent fire in Pittwater near Sydney, Australia, in which six yachts were destroyed by fire and parts of a marina damaged, has highlighted the importance of marinas and shiprepairers being appropriately and sufficiently insured for the work being undertaken. It is believed that the source of the fire came from the equipment a contractor [...]

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Falling ship values highlights importance of value adjustment rates

3 August 2009

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As shipowners will know all too well, ship values have continued to fall; at FP Marine Risks we have seen some reductions of up to 50% in recent months. However, the consequent reduction in premium varies widely among insurers and it is important that shipowners are aware of the basis of that variation in premium [...]

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Confusion remains over marine kidnap and ransom insurance

1 August 2009

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First published in the August 2009 edition of Ships and Shipping The maritime news continues to be filled with articles about pirate attacks in the Gulf of Aden, while piracy also continues less reported in several other key areas such as Nigeria, the Philippines and Brazil. There has been some discussion, and perhaps confusion, about [...]

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