FP Marine Risks Wins Biosecurity Award From Australian Government
Tagged: ABARES, Australia, Australian Government, award, Biosecurity, Cargo, cargo insurance, farmer, fertiliser, FP Marine Risks, insurance, logistics, marine insurance, Outlook 2012, ports, shipping
| FP Marine Risks, as part of a team of six Australian shipping industry companies, last week won an award from the Australian Government at the ABARES Outlook 2012 conference.The award recognised the company’s role in arranging the return of contaminated soil that could have caused extensive damage to agriculture and the environment.
In May 2011, a group of Australian farmers purchased fertiliser from a supplier in China. When the shipment arrived, it became apparent that the fertiliser was in fact soil containing seeds, feathers and other contaminants that could have spread bacteria, viruses and other plant pathogens. Biosecurity officers in Australia took the shipment to Sydney whilst negotiations for the return of the soil ensued. As part of the return of the goods, FP Marine Risks was asked to find insurance to address the liabilities involved in shipping the cargo back to China. This was a particularly difficult and esoteric requirement but, working in cooperation with Australian insurers, an effective solution was put in place. The other shipping industry companies who were recognised were: Shipping Australia (the peak body for Australian shipping lines), ANL (the shipping line who carried the goods back to China), Qube Logistics (formerly P&O Trans Australia), DP World (who stored and transported the containers), and Sydney Ports (who waived port fees and charges). www.daff.gov.au/abares/outlook
|
Recent articles
3 September 2012
Have recessionary risks hindered the opportunities available to Asian marine insurers? And is the future a profitable one?
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
Blog
6 December 2012
In recent months, three insurers have pulled out of the Hull and Machinery market as competitive pressures and a year of substantial claims take their toll.
28 November 2012
At the recent Meeting of the Association’s board of Directors, the general increase to be applied to the advance call rates for the 2013 policy year was set at 5%.
Press releases
16 April 2013
INTTRA, the world’s largest multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks.
4 February 2013
Hyperion Insurance Group Limited, the international insurance intermediary group, and FP Group Limited (FP), the Hong Kong-headquartered specialist marine broking group, are pleased to announce their partnership today, with Hyperion taking a 55% stake in FP Group Limited.
Opinions
26 March 2009
26 November 2008