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Art Wager

Awareness: The Lower Mississippi River - update


The Lower Mississippi River Forecast Center forecasts a late Spring pulse with possibilities for a 16-17+ foot river level. More detailed information and forecasting of local river conditions can be f...

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Art Wager

Awareness: The Lower Mississippi River - update


The Lower Mississippi River Forecast Center forecasts a late Spring pulse with possibilities for a 16-17+ foot river level. More detailed information and forecasting of local river conditions can be f...

Art Wager

Awareness: The Lower Mississippi River


Unusually high water levels and strong currents are forecast to last well into April. As a result of large volumes of runoff from melting snow and rainstorms experienced in late February through ear...

Protection of the mortgagee's interests under property insurances

The mortgagee's interests may be protected in two different ways: Independent cover of the mortgagee's interests under a so-called Mortgagee Interest Insurance (MII) Protection of the mortgagee's interests under the owner's insurances Assignment of the owner's insurances to the mortgagee Co-insurance of the mortgagee under the owner's insurances, Chapter 7 of the Plan. Dependent co-insurance, Cl. 7-1 Independent co-insurance, Cl. 8-7...

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iStockphoto

Project re:fresh

How healthy is your crew?


The question triggered a lot of curiosity in the industry, and every party invited to participate in the pioneering work, accepted the call. The initial project is supported by the Royal Norwegian Emb...

"A healthy economy depends on a healthy population".
From the European Union's 2020 strategy

2014 Annual Report for Norwegian Hull Club


He further elaborates: "Frequency losses across our portfolio can best be characterized as stable, whilst severity is clearly lower than expected. In general the experienced loss ratios were clearly...

El Niño and La Niña phenomena

According to several meteorological services, we have entered into a new El Niño phase.


El Niño and La Niña are opposite phases of what is known as the El Niño-Southern Oscillation (ENSO) cycle. The ENSO cycle is a scientific term that describes the fluctuations in temperature between...

Loss of hire due to "stranding"

Letter (a) extends cover in those cases where the vessel has "stranded".  The word "stranded" must be read as synonymous to "grounding".  Thus cover is extended to all cases where the vessel is prevented from moving because it is stuck on the seabed, regardless of whether the vessel drifted ashore or was moving under its own power. The cause of the grounding is immaterial, as long as it is due to a peril covered under the policy, see 2 above, and the exclusions from cover in Chapter 3 do not a...

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Agreed daily amount, Cl. 16-6

Since the determination of the daily amount under an open policy may entail certain difficulties discussed above, an assured who prefers a more predictable assessment of his loss of income in case of a casualty to his vessel, may fix the daily amount in advance, as a so-called agreed daily amount. Cl. 16-6 reads as follows: If it is stated in the insurance contract that loss of income shall be compensated by a fixed amount per day, this amount shall be regarded as an agreed daily amount unless...

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Loss Prevention Committee Meeting September 2016

“Human Factors and Organisational Learning”


The September meeting’s agenda was “Human Factors and Organisational Learning”. Casper Meland from Marine Benefits, introduced their program and some of the findings from a questionnaire to seaf...

Shanghai, the New Capital of the World


The spring wind is harsh this year, but we are greeted by joy and faith in the future as we cross the Garden Bridge on our way to The Bund – Shanghai’s famous promenade near Huangpu river. Num...