LIABILITIES AND EXCLUSION IN H&M COVER

-
H&M POLICY:- These are usually time bound policies with a maximum period of 12 months. The items covered will be clearly stated in the clauses of policy. Any extra part covered will raise the insurance premium.
LIABILITIES OF H&M POLICY ARE AGAINST FOLLOWING:-
1) Perils of the sea
2) Fire and explosion
3) Theft from outside
4) Jettison
5) Piracy
6) Earthquake, volcanic eruption, lightening
7) Accidents during loading and discharging
8) Machinery damage
9) Latent defect in machinery and hull
10) Negligence of master, officer and crew
11) 3/4th collision liability
12) Barratry of master, officer and crew

EXCLUSION TO H&M COVER ARE:-
1) Loss of damage caused by willful misconduct or willful negligence of owner
2) Loss of freight due to delays
3) Loss due to wear and tear
4) War risk clause
5) Increased value, disbursement and excess liabilities are covered in separate policies designed to provide an additional source of recovery over and above H&M value in event of total loss.
6) Third party liabilities including oil pollution
7) Loss due to strikes, locked out workmen etc.
8) Loss or damage due to nuclear weapon or radioactive damage
9) Loss due to chemical, biological, biochemical, electromagnetic weapons and cyber attack.

Comments

Post a Comment

Popular posts from this blog

CRITICAL EQUIPMENT AND OPERATION UNDER ISM CODE.

-
Critical equipments are equipments whose failure will lead to a potential hazardous situation or an accident, thereby causing injury to personnel or loss of life or damage to marine environment or property. This causes deviation or failure of the ISM objective 1.2.2 of ISM code. PROVISION IN ISM :- Element 10.3 of ISM code states----      The company should establish procedures in its safety management system to identify equipment and technical system, the sudden operational failure of which may result in hazardous situation. The SMS should provide for specific measures aimed at promoting the reliability of such equipment or systems. These measures should include the regular testing of standby arrangement or equipment or technical systems that are not in continuous use.      Hence SMS must have with respect to the critical equipment have procedures:- 1) To identify them 2) To ensure their test and functional reliability 3) To establish and use the alternative arrangements on
Read more

Various codes of PSC inspection and how to present to PSCO in case IOPP equipment is not working

-
Following are the various codes which are used to represent Action to be taken by vessel against the deficiency reported:- Deficiency Action Codes 10 deficiency rectified 15 rectify deficiency at next port 16 rectify deficiency within 14 days 17 rectify deficiency before departure 18 rectify deficiency within 3 months  30 detainable deficiency 99 other (specify) Note: For ISM deficiencies, only code 10, 18 and 30 can be used. Restrictions on Updating Codes Both codes 15 and 16 can only be updated to code 10. Code 17 can only be updated to code 10, 15, 16 and 99. Code 18 can only be updated to code 10. Code 30 can only be updated to: - code 10 or 18 (ISM def.) - code 10 or 99 (non - ISM def.) Code 18 can only be updated to code 10. We will discuss one case where 15 ppm equipment has started malfunctioning just before the arrival of the port. After investigating it was found that the  coalescer filter has become very dirty and because of this th
Read more

CLEAR GROUND FOR DETAILED INSPECTION DURING PSC INSPECTION

-
CLEAR GROUNDS:- Evidence that the ship, its equipment or its crew does not correspond substantially with requirement of relevant convention or that the master or crew members are not familiar with essential shipboard procedures relating to the safety of ship or prevention of pollution.     Clear grounds to conduct a more detailed inspection include:- 1) The absence of principal equipment or arrangements required by convention :- e.g. MARPOL annex 1 requires that ship above 400 GRT and above must have an OWS with automatically stopping device, if effluent exceeds 15 ppm. Absence of this principal equipment will lead to detention. 2) Evidence from a review of the ship's certificate that it is clearly invalid: - e.g. Safety equipment certificate found invalid since no renewal survey was carried out. 3) Evidence that the ship's logs, manuals or other required documentation are not on board, are not maintained or falsely maintained:- e.g. ORB part 1 not present on board or in
Read more