Risks

The Nautical Institute’s Human Element one-day courses

The Nautical Institute’s Human Element one-day courses

Don’t miss out on our popular online modules!

1. Understanding Risk from a Human Element Perspective one-day course
2. Risk and Risk Taking Behaviour one-day course

Understanding Risk from a Human Element Perspective

28 September 2021 at 08:30 – 12:00 UTC
£200.00 (£180.00 for NI members)*
Zoom online training platform

There is an element of risk in all we do. So, we need to educate seafarers to think about risk, to UNDERSTAND risk –...

https://allaboutshipping.co.uk/2021/08/25/the-nautical-institutes-human-element-one-day-courses/

Risks & Repercussions Due To Turned Off AIS

Many Shipowners operators and crew are unware that a small security risk is not a valid reason for switching off the ship’s Automatic Identification System (AIS). 

Even more are obvious to the consequences of doing so- which range from heavy fines to detention- if smuggling is suspected, vessels pose a safety risk in a high traffic area, charter party has been reached or there has been non-compliance with individual country requirements, says in article published on bimco website.

Heavy fines to...

https://mfame.guru/risks-repercussions-due-to-turned-off-ais/

Debt management and the consequences for central bank independence

Debt management and the consequences for central bank independence

Tuesday 11 May 2021 – Vol.12 Ed.19.2

Commentary: Reserves system puts independence at risk

By Chris Papadopoullos in London

Many advanced-economy central banks have resigned themselves to a probable elevated level of reserves for the foreseeable future. This brings central banks into the fiscal equation in a more direct way and exposes them to political repercussions that could endanger their independence. To avoid this, central...

https://allaboutshipping.co.uk/2021/05/11/debt-management-and-the-consequences-for-central-bank-independence/

160 Fenna van de Merwe, Principal Consultant and Discipline Lead in Human Factors, Safety, Risk & Reliability, DNV – Maritime Advisory

Are there risks involved when systems are becoming complex? Have you taken a new approach to evaluate the new risks appearing when moving into the digital world?

Meet Fenna van de Merwe has led the writing of the White Paper from DNV called Closing the gap in an era of transformation.

It intends to guide maritime stakeholders to control and mitigate these risks and put them in a better position to make informed decisions about achieving and maintaining smarter and carbon-neutral shipping.

Fenna is...

https://shippingpodcast.com/160-fenna-van-de-merwe-principal-consultant-and-discipline-lead-in-human-factors-safety-risk-reliability-dnv-maritime-advisory/

TT Club PR: Annual cargo theft report indicates significant new trends

TT Club PR: Annual cargo theft report indicates significant new trends

TT Club’s Managing Director, Loss Prevention, Mike Yarwood

The report, which reflects whole year data from 2020 compiled by leading international transport and logistics insurer, TT Club, and global provider of supply chain intelligence, BSI, highlights significant new trends in risks both regionally and globally.

  • Thefts of cargo in transit remains highest proportion of total, all though the 71% share is a decrease from 2019...

https://allaboutshipping.co.uk/2021/02/24/tt-club-pr-annual-cargo-theft-report-indicates-significant-new-trends/

Do insurers and corporates need a connected view of the world of risk?

Suki Basi

Do insurers and corporates need a connected view of the world of risk?

Suki Basi, managing director of Russell Group*, highlights in this article the lack of corporate risk coverage

There is a growing divergence between corporates’ risk requirements and insurers’ appetite to cover them. This problem has been exacerbated by the fact that only 20% of corporate risk is currently insured.

Alongside this lack of risk coverage, there is a failure to understand the interconnectivity and...

https://www.allaboutshipping.co.uk/2020/06/04/do-insurers-and-corporates-need-a-connected-view-of-the-world-of-risk/

HFW Briefing: Managing Sanctions Risk in Contracts: The High Court provides guidance

Daniel Martin, partner HFW

Managing Sanctions Risk in Contracts: The High Court provides guidance

Recent sanctions have had a major impact on entities in China and Turkey, as well as their counterparties, and this has caused significant disruption to global markets.

Given the broad scope of international trade sanctions, the potential for new measures to be introduced with little to no warning, and the significant fines that have been imposed for sanctions breaches, we strongly recommend that all...

http://www.allaboutshipping.co.uk/2019/10/24/hfw-briefing-managing-sanctions-risk-in-contracts-the-high-court-provides-guidance/

Proper perspective on emerging risks, In Conversation with Paul Tucker

Commentary: Proper perspective on emerging risks

By Christopher Smart in Boston

You can hear the bearishness in everyone’s voices. They fear a market swoon in a world of unstable politics. Risks are mounting, as indicated by recent data signalling slight economic contractions in Germany and Japan.

There is plenty of room for unpleasant surprises, especially from higher debt servicing costs and continuing pressures on some emerging markets. But it is important to keep these risks in proper...

http://www.allaboutshipping.co.uk/2019/01/22/proper-perspective-on-emerging-risks-in-conversation-with-paul-tucker/

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