Cyber Risks and P&I Insurance
The maritime industry's reliance on computers and its increasing interconnectivity within the sector makes it highly vulnerable to cyber incidents. Cyber poses a threat to all parts of the shipping sector; Cyber risks can be defined as the risk of loss or damage or disruption from failure of electronic systems and technological networks.How can cyber risks occur in the shipping industry and what is covered under the P&I Rules. To help Members, the Club has compiled a Q&A on Cyber Risks and P&I Cover.
Download the attached pdf for theQ&A in full
Cyber Risks and P&I Insurance (7 MB)
You may also be interested in:
In Part I of this article, the authors introduced the three new eBL providers whose blockchain based systems were recently approved by the International Group (IG), and provided an overview on how their systems work. Here in Part II, we take a look at the recent products and initiatives of Bolero and essDOCS, two of the first generation eBL providers. We also take a look at cyber risks again and at whether the paper BL, as a tool, is still fit for purpose in today’s international trade.
The International Maritime Organization (IMO) adopted Resolution MSC.428(98) Maritime Cyber Risk Management in Safety Management Systems on 16 June, 2017.