Displaying results 291 to 300 out of 308
01/01/2010
D&O insurance responds to claims brought against individual directors and officers by shareholders of the company. Claims from shareholders often follow a poorer than expected financial performance of the company. A ship...
Commercial partners, customers or even members of the public might consider bringing a claim against an individual person rather than the company. A marine and transport consultancy contracted to provide services to an oil...
Directors’ & Officers’ insurance, or D&O, provides financial protection for the directors and officers of your company in the event that they are sued in relation to the performance of their corporate duties. ITIC’s...
02/08/2009
Ship management facts from 2009
No manager should accept any argument from the owner or their insurers not to be a full co-assured on the owner’s P&I cover. We do come across examples where the manager is not a full joint member but it is very rare....
ITIC has seen a sharp increase in the number of lay-up contracts that we have been asked to review. Some of these lay-up agreements are based on an amended ship management contract where the manager acts as agent for and on...
This article featured in the 2009 edition of The Wire, which was sent to all ship managers.
If you are using a ship management agreement subject to English law, it is acceptable to use a standard limitation of liability clause as set out in the various BIMCO Shipman contracts. However, if your BIMCO Shipman contract is...
by Peter D. Clark of Clark, Atcheson & Reiserthttp://www.navlaw.com/ Ship management is an integral part of today’s shipping industry. Ships require constant...
The standard ship management agreement, BIMCO Shipman, has been around for over 20 years. The current version is BIMCO Shipman 98 and it is expected that another version will be published very shortly. The common thread through...