Switzerland opens investigation into Nigerian pirate kidnappings

Basel’s public prosecutor has opened an investigation into the hi-jacking of Switzerland-registered MV Glarus off the coast of Nigeria on September 22nd. Twelve crew, none of them Swiss, were kidnapped and negotiations for their release were ongoing, SonntagsBlick reported on Sunday. The hostages...


Local contract law as applied to liability limitation, etc – Part 8, Nigeria

Standard Club has noted that its members were regularly exploring new opportunities in diverse territories and thus frequently needed to ask how the law in a particular jurisdiction might impact the enforceability of key contractual provisions. Standard Club has therefore produced a list of key...


Northern Sea Route will not replace Suez any time soon: Maersk

Maersk, which recently sent the 3,500 teu ice-class vessel Venta Maersk around the Northern Sea Route, has dampened any overenthusiasm for the much shorter route from the coast of China to northern Europe. Maersk chief technical officer Palle Laursen said that “we do not see the Northern Sea Route...


Court construes implications of sanctions clause in marine policy

In Mamancochet Mining v Aegis Managing Agency the defendant insurers had issued a marine policy to the claimant, protecting Mamancochet Mining against the theft of two cargoes of steel billets which were carried from Russia to Iran in 2012 A sanctions clause read that “no (re)insurer shall be...


WoE adds 5% surcharge to owners’ P&I, says premiums industry-wide are now “unsustainable”

West of England is to implement a 5% standard surcharge to all mutual and fixed premium rates for P&I-owned (Class 1) entries, while keeping a 0% surcharge for owners’ FD&D (Class 2) entries. Charterers will face no increase for either class. The estimated total mutual call of 100% for 2018/19...


Concirrus signs Marsh deal on global marine behavioural analytics

UK-based InsurTech company Concirrus has signed a multi-year agreement with broker Marsh, under which the two companies will cooperate to drive the use of behavioural data in the global marine market through Concirrus’s Quest Marine platform. Marsh will use Quest Marine for its placement strategies...


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