Charterers and traders
Charterers and traders insurance is available to charterers of ships on both a time and voyage basis. Cover includes risks covered by conventional P&I insurance, including pollution, cargo, personal injury, fines and wreck removal, as well as additional risks specific to charterers, such as damage to hull, detention, contribution to general average and salvage, and war and terrorism.
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The UK P&I Club recently held a webinar on the subject of Salvage and wreck removal.
Thailand - Time Bars
As a civil law country, the general provisions of prescription are provided by the Civil and Commercial Code ("the Code") in its Book I, Title IV, Chapters I and II which came into force in 1923 and was subsequently amended in 1925 and 1992. In principle, the period of prescription begins to run from the moment when the claim can be enforced. If the claim is for forbearance, prescription begins to run from the moment when the right is first infringed (Section 193/12 of the Code).