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India: Insurance PSUs providing cover to vessels importing Iran oil

05/09/2012
Public sector insurance companies are providing USD 50-million cover to vessels importing crude oil from Iran to

Iran's Major Insurer Offers P&I Cover to All Tankers Carrying Iranian Oil

05/09/2012
Chairman of Iran Insurance Company Javad Sahamian said Tehran will provide insurance cover for any oil tanker 

TT Club Advise on Forwarder’s Cargo Receipts

04/09/2012
TT Club has an established reputation for seeking to clarify the risks and liabilities involved in transportation

UK P&I Club announces restructure in advance of Solvency II

04/09/2012
The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals,

How Iran’s Main Oil Buyers Deal with Insurance Sanctions

03/09/2012
Insurance companies based in the EU are not allowed to provide cover for ships that carry Iranian cargo.

P&I Club Identifies Dangerous Onboard Practice

01/09/2012
The American Club has issued an urgent alert to its members about the operation of oxy-acetylene equipment without flashback arrestors. This results from a recent casualty leading to a claim and through recent survey inspections – the club’s managers describe the use of such equipment without fitment of flashback arrestors as “extremely dangerous.” Members are encouraged to check that all such equipment on their vessels is being kept

North P&I Club reports a ‘stable and positive’ result in a challenging market

29/08/2012
The ‘A’ rated, 170 million GT North of England P&I club has achieved a ‘stable and positive’ result for the 2011/12 financial year despite challenging market conditions, according to chairman Pratap Shirke of Australian ship management group ASP. The club’s Management Report 2012 has just been published. Shirke confirms, ‘Against a background of difficult shipping market conditions, a volatile investment landscape and a trend

Iran offers its own fully-insured ships for crude shipments

29/08/2012
Faced with problems of its customers not being able to import oil due to lack of adequate insurance for ships,

Insurers pay $4m for Aussie cargo as pirates hit home

28/08/2012
A ransom up to $4 million was paid through Australian companies and insurers to Somali pirates who seized

South Korea to sidestep EU ban on maritime insurance coverage

27/08/2012
South Korea plans to sidestep sanctions imposed against Iran by the European Union and will continue to

Web Alert: Greener fuels must be used near US and Canada

25/08/2012
The North American Emission Control Area (ECA), designated under the International Convention for the Prevention of Pollution from Ships (MARPOL) entered into force on 1 August 2012. It introduced stricter controls on emissions of sulphur oxides, nitrogen oxides and particulate matter for ships trading off the coasts of Canada, the United States and the French overseas collectivity of Saint-Pierre and Miquelon. However the ECA

"The Rowan" - Oil Major Vetting and "Approvals"

22/08/2012
Each time a vessel is nominated to a charterer and considered for lifting cargo at a terminal which requires the consent of an oil major, the oil major will "vet" the vessel. This may involve a physical inspection at which the inspector completes a Vessel Inspection Questionnaire and uploads this to the SIRE (Ship Inspection Report programme) System. If no inspection is required (because, for example, the ship has been inspected

XL Group plc : XL Group's Marine Insurance Team Expands in ChicagoTo Target More

22/08/2012
To grow its business with brokers and clients throughout the Midwest, the Marine insurance operations of XL Group plc

Skuld Moscow to act as independent agent

21/08/2012
Skuld Moscow is to act as an independent agent under the name “Omnia Insurance” With effect from 20 June

Shipping Industry Guidance on Pilot Transfer Arrangements

18/08/2012
The International Maritime Pilots’ Association (IMPA) in collaboration with the International Chamber of Shipping

Port State Control - Indian Ocean and Black Sea MOUs - Concentrated Inspection Campaign on Fire Safety Systems

17/08/2012
In June 2012 the Club advised that the Paris and Tokyo MOUs on Port State Control (PSC) would be running

International Group Updated FAQs on EU Regulation 267/2012

17/08/2012
The International Group has issued an updated FAQs document dated 14 August 2012 covering the impact of EU

Nigeria: Importers and Fake Insurance Policies

14/08/2012
Those who know the shipping industry describe it as a sector full of strange people. It is also a sector where

Privately Contracted Armed Security Personnel: IMO Guidance and Vetting Arrangement with "Flag Victor"

11/08/2012
The Managers are pleased to announce that preferential terms for Members have been agreed with maritime security experts Flag Victor to vet potential providers of Privately Contracted Armed Security Personnel (PCASP) against the criteria set out in IMO’s interim guidance to shipowners.IMO Guidance:Members

Insurance news for Iran oil shows Indian ship owners displeased with coverage

09/08/2012
India’s top tanker companies have rejected its own government’s offer.The latest insurance news
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