Press Article: Why P&I insurance is more vital today than ever before

“The storm raged outside. Restricted visibility, the Master stared anxiously into the darkness and listened intently for clues of imminent danger from close traffic. The vessel was on reduced speed as it butted into heavy seas and the weather forecast did not indicate any imminent relief. He hoped that the lashings on the deck cargo were secured correctly and that the seals on the hatch covers were weathertight”.

Experienced mariners have encountered many such situations during their careers at sea. Adverse weather, rough seas, risk of cargo damage and dense traffic are just a small sample of the challenges faced. The vast majority of voyages today, however, are performed safely and efficiently, thanks principally to competent crews, well-found ships and prudent owners / managers.

Despite best efforts, collisions, groundings, pollution and environmental damage, fires and personnel injuries do occur, and these are the risks and liabilities to which P&I insurers respond.

Read the full article on SAFETY4SEA's website, here.

Categories: Cargo, Loss Prevention