Tunnel2Funnel

      1.    Principle of Utmost Good Faith:-  The marine insurance policy relies on the principle of utmost good faith, which clearly states that at the time of filling the marine insurance policy document, the applicant should disclose the correct information. Also, the applicant would not withhold any material information. If the applicant conceals or hides important information, the marine insurance company has all rights to reject the policy application.  Fashion Stop is planning to buy a marine insurance policy. It means, the company should disclose all the material information about its current state. In case  Fashion Stop hides material information, the marine insurance company has all rights to reject the policy application. Even if at the time of the claim, the insurer finds out that  Fashion Stop hides material facts, it can reject its policy application form. 2.      Principle of Insurable Interest:- According to this principle, it is necessary for the policyholder to

Latest emission control requirement caps sulphur content below 0.1% in fuel oil in ECA areas. In ECA areas, distillate fuel oil below 0.1% sulphur is used, however new fuel types usually referred to as ultra low sulphur fuel oil (ULSFO), which are usually not traditional distillates, but blended products are also now being used. Diesel engine manufacturers claim that these fuels are well suited for 2-S as well as for 4-S engines. General characteristics of ULSFO fuels are:- They might have higher viscosity than distillate grades They might contain catfines They might have higher pour points There could be compatibility issues when blending with other fuels. All above factors pose serious challenge for ship staff in general and chief engineer in particular regarding its storage, purification and treatment.  A) With traditional fuel oil purification system existing on ships            Traditional fuel oil separators are typically equipped with gravity discs, the purpose o

We have already discussed the reasons for losses of bulk carriers in mid nineties. You can search that it my earlier posts. Today we will discuss the measures taken in SOLAS chapter 12 which has laid down additional safety measures for bulk carriers. 1. Regulation 4:- Damage stability requirements applicable to bulk carriers      a) Bulk carrier of 150 m length and upwards of single skin construction, designed to carry solid bulk cargoes of density 1000 kg/m3 and above, constructed on or after 1 july 1999, should be able to withstand flooding of any one cargo hold in all loading conditions when loaded to summer load line. b) Bulk carrier of 150  length and upward of double skin construction in which any part of longitudinal bulkhead is located B/5 or 11.5 m, whichever is less, inboard from ship's side designed to carry solid bulk cargoes of density 1000 g/m3 and above, constructed on or after 1 july 2006, should be able to withstand flooding of any cargo hold in all loading co