Tonka's Skipper Posted July 1, 2014 #26 Share Posted July 1, 2014 I would like to add.....................that can be a empty or a loaded vessel* I would also point out that being in class means even small things are operating properly. Any critical equipment not operating correctly is not in class, is not in compliance with IMO and other international rules and US laws and USCG requirements. AKK Link to comment Share on other sites More sharing options...
ducklite Posted July 1, 2014 #27 Share Posted July 1, 2014 (edited) My husband is involved in the insuring of hull and cargo. He says that the 30 or so companies who underwrite and re-insure 90% of the policies that insure hull (blue and brown) and cargo throughout the world all use the same boilerplate requirements that they develop through AIMU. Regardless of the ports they call on or flags they fly, they are deemed uninsurable if they aren't in compliance with IMO requirements (which include SOLAS). He states that there may be some small off-shore underwriters who don't have that requirement, but he isn't aware of any. Edited July 1, 2014 by ducklite Link to comment Share on other sites More sharing options...
Tonka's Skipper Posted July 1, 2014 #28 Share Posted July 1, 2014 (edited) My husband is involved in the insuring of hull and cargo. He says that the 30 or so companies who underwrite and re-insure 90% of the policies that insure hull (blue and brown) and cargo throughout the world all use the same boilerplate requirements that they develop through AIMU. Regardless of the ports they call on or flags they fly, they are deemed uninsurable if they aren't in compliance with IMO requirements (which include SOLAS). He states that there may be some small off-shore underwriters who don't have that requirement, but he isn't aware of any. I have to admit you explained it better and shorter then I did! I tend to get to detailed. Thank You Ducklite! AKK Edited July 1, 2014 by Tonka's Skipper Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now