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It’s been a scorcher these past weeks, and with the July 4th holiday coming up, boaters in Fort Pierce, Port St. Lucie, Stuart, and Vero Beach are going to hit the water to cool off and have a good time with their families on a boat. We’ve featured information about... -
We’ve had some strong winds and choppy seas lately from the Sebastian Inlet in Indian River County on down to the Jupiter Inlet, covering the entire Treasure Coast. Small Craft Advisories have been in effect. There is no precise definition of a “small craft” and if you ask around you...
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As folks dig out from the destruction that Hurricane Irma left in her wake, we were reminded of some aspects of marine insurance as they pertain to named storms like Irma and Hurricane Harvey before her. As we have seen, storms like these produce losses. Good preparation can mean the...
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Periodically we like to share photos from our archive that touch on the sea or we think our readers may enjoy. Here are some we took while cruising the Amalfi Coast. The Amalfi Coast is the spectacular coastline of Salerno Gulf on the Tyrrhenian Sea. It is a great place...
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Periodically we like to share photos from our archive that touch on the sea or we think our readers may enjoy. Here is one we took showing a coastal safety tug transiting the Bosphorus at sunset.
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The concept of marine salvage and the governing laws are very old, tracing back to the sea laws of Byzantium and the ancient Mediterranean seaport cities. The duty to rescue people in hazardous situations at sea is well known by all captains. Here in the US, this duty is set...
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Every year we like to take a look at the Nordic Association of Marine Insurers (Cefor) Annual Report to see what trends in Marine Insurance are noted. The theme of the 2016 report is clearly that the claims picture in 2016 was benign. Ocean Hull claims have continued their overall...
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International Group P&I Clubs In contrast to so called “fixed premium” P&I marine insurers like British Marine, Lodestar and others, approximately 90% of the world’s blue water tonnage is insured for operating liabilities by one of the thirteen principal underwriting member “Clubs” of the International Group of P&I Clubs (the “IG”). The...
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It is one of the most stressful aspects of pilotage for the novice or less experienced boat owner: You must maneuver your vessel within a crowded marina, at a boat ramp on a busy Sunday afternoon, to secure your beaching spot at a crowded party cove, or to moor up...
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The 2017 P&I renewal season has now finished on the traditional renewal date of February 20th. This is the date on which, for more than 100 years, P&I mutual “Clubs” have renewed all their memberships simultaneously. The origins of this simultaneous 20 February P&I renewal relate to the old times when vessels...
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The Nordic Association of Marine Insurers (Cefor) has highlighted in their 2015 Annual Report an analysis of their data which shows that vessels built in Chinese yards exhibit a much higher claims frequency than vessels built in Japan or South Korea. Cefor found that claims frequency was 89% higher for...
