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Be careful with lines under tension

Parting of tensioned mooring lines has been associated with some of the worst human injuries, and loss of life registered in Gard’s claims portfolio. Use of worn mooring lines, overtightening of the brakes, or sudden movements of the ship are among the main reasons for ropes straining beyond their breaking limits and parting. In a safety reminder published in July 2022, the UK Marine Accident Investigation Branch (MAIB) highlights that such incidents continue to occur despite well published guidance on the subject. Even though there have been many advances in ...

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Sanctions – The European Union’s sixth sanctions package

On the 3 June 2022 the EU published its 6th package of sanctions against Russia. This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. It focuses on: •the measures in the 6th package of sanctions which impact on the transport and insurance of oil and petroleum products; and •the prohibitions on transacting with Russian state-owned enterprises subject to the Article 5aa restrictions and as listed in Annex XIX of the Regulation. EU Sanctions do not apply extra-territorially. Article 13 of the Regulation provides ...

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Lloyd’s insurers preparing to cover Ukraine grain-chairman

Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said on Wednesday. Russia and Ukraine signed a deal on Friday, brokered by Turkey and the United Nations, to reopen grain and fertiliser exports that have been blocked by war to ease an international food crisis “Following the agreement between Russia and Ukraine on the export of grain, we’re working quite hard with market participants to make sure we can develop ...

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Despite Ukraine-Russia grain export deal signed, insurance and safety concerns would delay full recovery of shipments from Ukrainian ports

Even though the U.N.-backed safe passage deal for Ukrainian grain exports was successfully agreed and signed by Russia and Ukraine on Friday, we believe it may take a few weeks to months to resolve insurance and safety concerns for the Black Sea routes from major grain ports, including Odessa. Therefore, Danube River ports will likely remain a safe and attractive option for grain exports in the near term. However, according to Mr. Daejin Lee, Lead Shipping Analyst at S&P Global Market Intelligence, even with the new additional capacity of 1–1.5 ...

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Parsing the BIMCO Emission Trading Scheme Allowances Clause

The BIMCO Emission Trading Scheme Allowances Clause has been published with the aim of allowing owners and charterers to allocate responsibility for vessels complying with, inter alia, the EU’s emissions trading scheme (ETS). The application of the EU ETS to shipping is still under discussion but expected to take effect from either 1 January 2023 or 2024. Further to our update of 31 May 2022, BIMCO’s Emission Trading Scheme Allowances Clause for Time Charter Parties 2022 has been published (the ETSA Clause). It is set out in full below and ...

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Ship insurers seek more assurances on Ukraine grain corridor

Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say. Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea. Ukraine’s ports have been closed since Russia’s invasion in February, which Moscow calls a “special military operation”, with marine insurers based in ...

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Crew Familiarisation is critical when taking over a vessel

When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and management are fully familiar with the vessel. Familiarisation starts as soon as ship’s staff get onboard and must be completed before sailing. The ISM Code requires that all crew receive a proper familiarisation on the vessel prior to sailing. ISM Code 6.3 The Company should establish procedures to ensure that new personnel and personnel transferred to new assignments related to safety and protection of the environment are given proper familiarization with their ...

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Do you know the safe passages through the Bohai Strait in China?

The Bohai Strait in China is the only entrance and exit for vessels to the Bohai Sea. In recent years, there have been frequent reports of ships being fined by the authorities for crossing the areas with restricted navigation in the Bohai Strait. Moreover, vessels often also come into contact with fishery farms or fishing nets when navigating in those areas. Members and masters of vessels calling at ports in the Bohai Sea are advised to familiarize themselves with the safe passages through Bohai Strait to avoid penalties and fishery ...

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TT Club eager to make pest control workshop a collaborative success

TT Club recognises the vital importance of focussing on the threat of invasive pests to natural resources across the world, and of the urgency in crafting effective and proportionate risk reduction measures that address the situation. The freight transport insurer is issuing a call for action, encouraging those involved in the intermodal supply chain in whatever capacity to help guide international regulators and create pragmatic working practices to minimise the dangers while allowing international trade to continue to flow. “Industry players of all types have a great opportunity to be ...

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Swedish Club’s Marine Insurance Course Virtual Once Again

The Swedish Club welcomed a record number of delegates to its 2022 Marine Insurance Course (MIC), once again offered online, following the success of last year’s pilot. Nearly 90 delegates registered for the course, representing 55 companies and joining the sessions from 14 countries around the world. A broad cross section of the maritime industry was represented with people involved in insurance and claims handling in the ship owning and ship management sectors, as well as those from marine insurance brokers. Explains Lars Malm, Director Strategic Business Development & Client ...

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Boost for biofuels as IMO removes regulatory hurdle

MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory requirement to demonstrate that biofuels do not “cause an engine to exceed the applicable NOx emission limit”. Our guest author, Unni Einemo, explains the challenge and the recent actions in the MEPC to address it. Interest in biofuels is growing due to its environmental benefits and potential GHG savings, but there have been doubts about a potential increase in NOx emissions and compliance with MARPOL Annex ...

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Skuld’s ‘A’ rating affirmed by Standard & Poor’s

“Skuld maintains a strong relationship with both its members and brokers due to its strong service fundamentals and recognized brand”, according to S&P. On 14 July 2022, Standard & Poor’s (S&P) ratings services reaffirmed its ‘A’ rating on Assuranceforeningen Skuld (Gjensidig). S&P Credit Highlights: Skuld has a strong reputation and market position in the marine and protection and indemnity insurance (P&I) market. The club is likely to return to capital levels above our ‘AAA’ benchmark in 2022. Although The P&I market will likely remain challenging over the next two years, ...

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US Supreme Court confirms that US discovery processes are not available for private foreign arbitration proceedings

Discovery processes under United States federal law allow for broad requests for documents that may be relevant to a commercial dispute. Documents include such items as e-mail and requests can require parties to provide years of correspondence. Discovery rules also provide for depositions where persons who may have information relevant to the dispute are questioned under oath. Section 1782 of 28 U.S. Code governs a federal district court’s authority to provide discovery assistance for proceedings in foreign and international tribunals. Section 1782 requires an applicant to satisfy three statutory factors: ...

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TT Talk – Changing dangerous goods regulations

It cannot be overstated how critical it is to maintain good practice when shipping dangerous goods. 14 July 2022 sees the passing of the tenth anniversary of the fateful Atlantic crossing of the MSC Flaminia that cost the lives of three seafarers and resulted in extensive damage to cargo and the ship. The forensic investigations and litigation that followed the MSC Flaminia incident adequately demonstrate the complexity of shipping dangerous goods through the maritime supply chain in terms of regulation, practices and expectations. The 2018 judgment in the liability phase ...

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Britannia P&I publishes sustainability progress report

Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future. Building on the commitments laid out in its 2021 report, Britannia has maintained its alignment with the UN Global Compact, the UN ...

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