Shipowners' liabilities (SOL) is a tailored cover against deviation from the standard route or the agreed bill of lading where there is cargo liability exposure. We can cover specific incidents of deviations from the bill of lading but an inclusive SOL cover can provide for liberties to deviate under the policy period. A SOL policy essentially replaces or buys back standard P&I cover with a fixed premium cover, typically with a limit of between US$10-50 million.
Stowaways onboard ships can often be a cause of significant costs for shipowners. Amanda Hastings, UK P&I Club Claims Executive, reviews shipowners' liabilities and advises on the relevant actions to take to reduce incidents of stowaways.
Update 13/06/19: Due to the recent attack on vessels in the Sea of Oman, Members are reminded of the following update and to exercise extreme caution in the region.
HARMONY INNOVATION SHIPPING PTE LTD v CARAVEL SHIPPING INC (THE “UNIVERSAL BREMEN”) - [2020] 1 Lloyd's Rep. 206. Delivery of cargo without bills of lading - Back-to back chain of letters of indemnity on the International Group standard form - Court recognises importance of allowing vessels to continue trading.
