Understanding the doctrine of subrogation is key to pursuing successful recovery actions. Especially when there are plenty of aspects you, as an insurer, must take into account: The basis of subrogation in different jurisdictions. The steps to take over the rights and remedies of the assured. The distribution of recovery in case of partial indemnity.
Charterers and shipowners have clear obligations under charter party: The shipowner must ensure the vessel is ready to receive cargo and fitted for the service when it’s delivered to the charterer The charterer must redeliver the vessel in the same order and condition it was when it was first placed at their disposal, except ordinary
Marine surveyors are skilled, detail-oriented professionals. But they are also human and can’t be expected to be infallible. The issue is that, if they miss something while conducting their inspections, you may end up suffering dire consequences. In this article, we’ll explore 5 frustrating reasons why a surveyor may cause you financial loss. But, before
2022 has been a perfect storm for the shipping and marine insurance industries. The sector was plagued by uncertainty, with a number of geopolitical and economic challenges unfolding as the year went by. Looking ahead, there’s still concern about certain critical issues that are likely to take their toll on marine cargo loss and recoveries.
The marine surveyor profession is to a large extent unknown, and it still raises plenty of questions. So, we wondered: “Why not go straight to the source to find some answers?” We’re lucky enough to have Felipe Díaz on board for this interview. With his 32-year-long wealth of knowledge of the marine survey field, there’s
A professional marine insurance surveyor can be a real lifesaver for insurance carriers. Without their competence and skill, you may find yourself stuck with claims pending validation. Or providing coverage for a boat without having the certainty that it’s seaworthy. So, you’ll have plenty to ponder if you want to ensure you’re hiring the right
Processing marine claims can turn out to be problematic. No matter how hard you try to stay on top of things: making sure you file your client’s claim timely to prevent it from being time-barred, providing sufficient evidence while helping them mitigate damages… A never-ending process that can cause you many a headache. But here’s
This month has marked a key milestone for Claimar, as the official launch event took place last week as we celebrated 8 successful months in the marine insurance industry. Since we started, many new clients and as well some of our existing ones have put their trust in us to manage their marine claims. We
Picture this scenario: upon reaching your port of discharge, you realise the container you have to unload has been stowed incorrectly. As luck (rather Murphy’s law) would have it, it happens to be it at the very bottom of the stack. You end up moving hundreds of containers to get to the one that is
Marine insurance gives you peace of mind. It means being covered against costly risks, such as loss of life, damage to cargo, oil spills, and the like. Now, which insurance policy should you take out? 🤔 Here are 𝟵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀 you may come across when you’re in the process of getting your ship and
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