Where operators have reciprocal space sharing with other operators, though they issue their own bills of lading, the standard Rules cover generally provides USD 350 million coverage per event.
However, operators frequently buy space or slots where the basis is not reciprocal, and hence need additional coverage. The Club offers various limits of coverage for the potential exposure to cargo claims under a bill of lading where cargo is carried on another owners ship.
Further to the UK Club’s recent Legal Update on Electronic Bills of Lading (Part I & Part II), the Frequently Asked Questions and Answers are provided for Members’ additional guidance
The issue of incorporation of charterparties into bills of lading is debated by the English courts on a fairly frequent basis; most recently in the Anna Bo (2015) and the Magellan Spirit (2016). So what's all the fuss about really and how do you avoid getting caught out?
