CHARTERERS & LIABILITY How are charterers exposed to liabilities and how can they benefit from a charterer’s liability insurance? Once having agreed a contract, whereby a ship is made available, the identity of that party is as a CHARTERER. Liabilities may vary but cannot be eliminated or ignored. A voyage

We must follow strict compliance and sanction screening processes for all transactions to avoid financial risks. Violating these rules could lead to regulators freezing our bank accounts, endangering the company’s existence. 

The Dutch VOC (Verenigde Oost-Indische Compagnie) The Dutch VOC (Verenigde Oost-Indische Compagnie) was founded in 1602 with the main objective of promoting trade between the Netherlands and Asia. The VOC played a crucial role in the rise of the Netherlands as a maritime and economic powerhouse in the 17th and

LEGAL & CLAIMS AS A SERVICE  Expertise in claims handling is integral to marine liability insurance. In most cases, insurers offer legal costs insurance, also known as FD&D insurance, or Marine Defense. In both cases, clients rely on insurers and their Claims Handlers to actively engage in resolving claims and disputes.

Underwriting insurance risks requires deep technical knowledge. On the one hand, the underwriter must have a profound knowledge of the policy terms, conditions, and other matters to ensure the technical integrity of the insurance business. On the other hand, the underwriter needs to understand the clients’ business to accurately assess risks. Additionally, a strong understanding of

On February 20th, 90% of the world fleet for marine liability insurance, known as P&I, was renewed by the International Group of P&I Clubs with a new 12-month P&I policy. The 12 P&I clubs that are part of the International Group generate a premium size of about USD 3.5 billion.

The Netherlands as a powerhouse in the maritime world.  I am often asked why I am still doing this. When this question touches upon my age, I respond: “Warren Buffett is 93, so I have quite a future ahead of me!” Being from Rotterdam, the connection to the maritime world came

The marine insurance industry is full of unexpected risks. Capital-intensive vessels traverse the globe and Billions of goods are transported, all relying on specialists available 24/7 to navigate unexpected challenges. The marine insurance industry needs to offer a helping hand with specialists that are as often available as the ships

An alter ego, literally ‘the other me’, is a second personality by which a person distinguishes himself from his real identity. It is mainly used in fiction stories to describe characters of different identities or appearances, such as superheroes or secret agents. Back to the maritime industry. It is very

Marine insurance constitutes a mere 4% of the market share of global non-life insurance. Despite its seemingly small presence, the attention it demands is immense. Why is that, you ask? Well, the answer lies in the complexity that defines the marine adventure. The market of marine underwriting First, let’s take