Delivery of cargo without production of Bills of Lading: a recap

P&I Club Steamship Mutual has noted that a recent case in which cargo was delivered against fraudulent Bills of Lading illustrated the risks of agreeing charter party clauses that obliged an owner to discharge and deliver cargo without presentation of the bill of lading, against a charterer’s...

https://insurancemarinenews.com/insurance-marine-news/delivery-of-cargo-without-production-of-bills-of-lading-a-recap/

USS Fitzgerald collision survivors, families of those killed, sue for $287m

Survivors of the June 17th 2017 collision between the USS Fitzgerald and container ship ACX Crystal (IMO 9360611) , as well as the families of seven US Navy sailors killed, are suing Japan-based NYK Line , which chartered the ACX Crystal, for more than $287m. Two lawsuits were filed by 47...

https://insurancemarinenews.com/insurance-marine-news/uss-fitzgerald-collision-survivors-families-of-those-killed-sue-for-287m/

Travelers to cease writing cargo at Lloyd’s, claims report

The Lloyd’s arm of US-based insurer Travelers will be exiting cargo business at Lloyd’s, according to a report in The Insurer. Travelers Syndicate 5000 currently offers marine cargo, hull, ports & terminals insurance, marine professional indemnity and UK port and harbour. Its cargo business has a...

https://insurancemarinenews.com/insurance-marine-news/travelers-to-cease-writing-cargo-at-lloyds-claims-report/

Lack of information provided was a primary cause of liftboat overturning

The US National Transportation Safety Board (NTSB) has determined that the probable cause of the overturning of liftboat Ram XVIII (IMO 9769453) on November 18th 2018 in the Gulf of Mexico about 15 miles south-southeast of Grand Isle, Louisiana, was an industry practice of not regularly providing...

https://insurancemarinenews.com/insurance-marine-news/lack-of-information-provided-was-a-primary-cause-of-liftboat-overturning/

Practical issues arising from the BIMCO 2020 Fuel Transition Clause for Time Charter Parties

Solicitor MFB has written on the practical issues arising from the BIMCO 2020 fuel transition clause for time charter parties. It noted a Reuters report that, although the new IMO 2020 low-sulphur fuel regulation would not come into effect until January 1st, there were already a large number of...

https://insurancemarinenews.com/insurance-marine-news/practical-issues-arising-from-the-bimco-2020-fuel-transition-clause-for-time-charter-parties/

Investigation of cause of luxury yachts fire awaits safety clearance

The Fort Lauderdale, Florida fire brigade has not yet begun an investigation into the cause of the $24m fire that consumed two luxury yachts, the Reflection and the Lohengrin, at the weekend. The fire caused what was thought to be the most expensive single loss in the history of the city. The...

https://insurancemarinenews.com/insurance-marine-news/investigation-of-cause-of-luxury-yachts-fire-awaits-safety-clearance/

Legal eagle: when should a freight forwarder issue a house bill of lading?

In the latest TT Talk, TT Club has highlighted a recent piece of case law from the NSW Court of Appeal in Australia. The Club said that this case acted as a reminder to freight forwarders to consider carefully the question of ‘whether to issue a house bill of lading’ for a consignment. The Club…

The...

https://insurancemarinenews.com/insurance-marine-news/legal-eagle-when-should-a-freight-forwarder-issue-a-house-bill-of-lading/