Understanding P&I clubs: the backbone of maritime liability Shipowners around the globe are intimately familiar with P&I (Protection & Indemnity) insurance. This essential coverage, housed within P&I Clubs, protects against maritime liabilities. Across the industry, approximately 100,000 ships are insured

The world of maritime liability is fraught with significant and unpredictable risks. In the 19th century, shipowners faced a challenging landscape where commercial insurers were reluctant to cover more than just hull risks. This led to the creation of mutual

SHARING KNOWLEDGE Striving for zero damage in international shipping is a utopia. Despite all efforts in prevention, training, and education, and the involvement of IMO, classification societies, port state control, and other initiatives to enhance shipping safety, incidents will remain

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

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

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

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 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!”