Charterers exposures - 14th July 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.
You may also be interested in:
Join us as we discuss specialist cover for wind farm installations and support vessels, and the risks involved in carrying out these operations, Wednesday, May 11th 8:30am California (PDT) | 11:30am New Jersey (EDT) | 16:30 London (BST)
UK Sanctions: An Update
The UK has implemented a number of sanctions in response to Russia’s invasion of Ukraine.
Herculito Maritime Limited & others v Gunvor International BV & others (The “Polar”) – Court of Appeal  EWCA Civ 1828
The Court of Appeal has held that in the absence of clear words to the contrary, the holders of bills of lading will not be excluded from their liability to contribute to general average, where the peril suffered is already insured by the shipowner.