Why Do Oil Tankers Explode?

In spite of ever-increasing safety regulations, explosion incidents on tankers still happen. Any explosion risk has three prerequisites: flammable material, oxygen and an ignition source. Take away (at least) one to achieve safety.

West of England (WEST) P&I club loss prevention manager Dean Crossley questions why oil and chemical tanker blasts are still happening despite the implementation of updated requirements for inert gas systems, says in article published in ecochlor website.

SOLAS

According...

https://mfame.guru/why-do-oil-tankers-explode/

IRDAI Is Developing A P&I Club To Help Improve Maritime Insurance In India

The Insurance Regulatory and Development Authority of India (IRDAI) is in talks with Indian National Shipowners Association (INSA) to develop a protection and indemnity insurance club (P&I club) in India, a move that will support the development of a marine insurance market in India, said insurance sector players at a Maritime India Summit, reports The Hindu Business Line.

What is P&I club?

Marine premium formed about 2 per cent of the gross domestic premium in FY20. India has been looking to put...

https://mfame.guru/irdai-is-developing-a-pi-club-to-help-improve-maritime-insurance-in-india/

Standard Club Amends Regulations for Customs Breach

Standard Club International Group has amended the Pooling Agreement so that as of 20 February 2021, P&I cover in respect of fines for smuggling and breach of customs regulations will no longer provided as of right, but only on a discretionary basis.

Smuggling fines and discretionary cover

Prior to 20 February 2021, P&I cover was available as of right for fines in respect of ‘smuggling or breach of any customs or immigration law or regulation.’

Fines falling within this category can be imposed in...

https://mfame.guru/standard-club-amends-regulations-for-customs-breach/

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