Role of the Loss Record
This latest edition (November 2016) has been given some detail changes in presentation to better explain these statements and a clarification as to how and why the Club uses the loss record.
The loss record helps to gauge the likely level of risk that a Member brings to the Club. The loss record format provided to Members is expressed on a scale of 100 per cent. This change in presentation does not change any claims or premium data. The record states the overall financial position with the Club. Members and their brokers can access these loss records through any conventional web browser via Underwriting Online in the Members Area.
Specific questions about individual circumstances naturally arise, and owners and brokers are encouraged to contact the underwriting department: email@example.com
Please visit our underwriting page for more information.
Loss Record Guide Nov 2016 (397 KB)
You may also be interested in:
Hold Cleaning: the legal issues
The preparation of cargo holds for the next intended carriage is a critical operation which requires careful planning and execution; this article considers a number of legal issues which may arise, including terms commonly used in charterparties to describe the cleanliness of cargo holds, the consequences of failing to comply with such terms, potentially resulting in off-hire claims and damages, and the role of the independent surveyor.