Charterers exposures - 14th July 2011
- Date: 14/07/2011
Charterers can face significant liabilities to cargo interests, other third-parties and the shipowner. They can be either contractual (eg breach of the charterparty) or non-contractual (eg pollution).
A new section is now on our website to emphasise the liability exposure faced by charterers and to provide guidance on dealing with those risks through specialist cover, loss prevention and other guidance.
The UK P&I Club charterers’ cover includes both those risks which are covered by conventional P&I insurance, and additional risks which are specific to charterers. It provides high levels of cover to react to both operational and catastrophe liabilities.
A review of the key charterers risks has been written by our legal director, Dr Chao Wu. Her article assesses the risks in three main areas - charterer’s direct liability to third parties, indemnification of owners and damage to hull.
Our new section on charterers liabilities also seeks to break down the risks and cover into sections that aid understanding. A separate web page addresses the main liabilities as well as grouping the additional covers needed to tailor cover to the variety of operations undertaken by different types of charterer.
This section will continue to develop to include selected loss prevention and other advice that relates directly to charterers needs and exposures.
Legal, navigational and environmental resources, news and updates on the development of polar shipping. Read more
US VRP Compliance
With effect from 30th January 2014 non-tank as well as tankships calling at US ports will be required to submit VRPs. For Club and other resources to assist in compliance click here
International Environmental compliance
Environmental Compliance resource page collates material in respect of International environmental compliance issues affecting our Members. Information from the Club, Loss Prevention and external resources has been collated in one place for ease of reference.
The Maritime Labour Convention enters into force in August 2013 - resources, news & advice on implementation can be found in this dedicated section. READ MORE
Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links