Post on 17-Sep-2018
06/05/2016
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Maritime Claims and Compensation – Who Pays for the Big OneMarcus JohnDirector, Thomas Miller Sydney
Spillcon 4 May 2016
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Contents
The International Group of p&i Clubs
Club Cover relevant to large incidents
Spill Compensation Conventions
Tonnage Limitation
Arrest
2established expertise
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The International Group of P&I Clubs
Club structure:
•Owned by the shipowner members
the insurer is the insured
•Board of directors
•Club managers:
underwriting, claims, investments, accounting, safety and loss prevention
3established expertise |
The International Group of P&I Clubs
Kuwait Oil Tanker Co. S.A.K, Kuwait
Sovcomflot, Moscow
Oldendorff Carriers GmbH & Co. KG, Lübeck
Giuseppe Bottiglieri Shipping Company S.p.A, Naples
Foremost Group, New York
Wan Hai Lines Ltd, Taipei
Almi Tankers SA, Athens
Harley Marine Services, Inc, Seattle
Navios Maritime Holdings Inc, Piraeus
Hyproc Shipping Company SPA, Oran
Royal Caribbean Cruises Ltd, Miami
Güngen Maritime & Trading A/S, Ankara
Safe Bulkers Inc., Athens
Gaslog Ltd, London
4established expertise
Shell International Trading and Shipping Company Ltd, London
MISC Berhad, Kuala Lumpur.
Eletson Corporation, Piraeus
Louis Dreyfus Armateurs S.A.S., Paris A.C.
Diana Shipping Inc, Athens
Kumiai Senpaku Co., Ltd, Tokyo
Neptune Orient Lines Ltd, Singapore
Petrobras Transporte S/A-Transpetro, Rio de Janeiro
Fednav Limited, Montreal
Reederei F. Laeisz GmbH, Hamburg
Cosco Group Limited,
JX Ocean Co. Ltd, Yokohama
Tsakos Energy Navigation Limited, Athens
Naftomar Shipping & Trading Co., Athens
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The International Group of P&I Clubs
Britannia Club
Gard
Japan Club
London Club
North of England Club
Skuld
Standard Club
Steamship Mutual
Swedish Club
UK Club
West of England Club
Shipowners Club
American Club
5established expertise |
The International Group of P&I Clubs
Legal
Perth Cox Macnish
Adelaide Wallmans
Melbourne Holman Fenwick
Sydney HWL Ebsworth
Brisbane Thynne & Macartney
Cairns Brian White
Commercial
Bayside
Auship
Thomas Miller
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The International Group of P&I Clubs
Pooling Agreement
–The means to share, “pool”, mutual risks/claims
–Higher limits provided by IG P&I Clubs
•Oil Pollution – US$1bn
•Other limits – US$2bn for passengers + US1bn for non passenger liabilities on a passenger vessel
•Cover to owners max. legal liability (capped at 2.5% of Global Liability tonnage – 1976 convention).
7established expertise |
The International Group of P&I Clubs
8established expertise
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Cover
Collision Liabilities
Wreck Removal
Special compensation for salvors
Pollution /Fines
9established expertise |
Cover
Collision
10established expertise
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Cover
Wreck removal
11established expertise |
Cover
Special compensation for salvors
12established expertise
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Cover
Pollution
13established expertise |
Spill Compensation Conventions
14established expertise
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Convention for Limitation of Liability for Maritime Claims
15established expertise |
Arrest
Pay to be Paid
16established expertise
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Arrest
Provision of security
Arrest or threat of arrest of an entered ship
Club letters of undertaking
arrangement of bank guarantees
Non-club bail
17established expertise