ports and terminals liability insurance
TRANSCRIPT
![Page 1: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/1.jpg)
Ports and Terminals Liability Insurance
23 April 2008
![Page 2: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/2.jpg)
2
Port Authority
What is a Port Authority?– A body (corporate or incorporate) which owns and/or runs
the infrastructure of the Port:-wharves, docks, quays, mooringsterminal buildings and port equipmentroad/rail facilities within the installationCar parks / roads / bridges
– May also provide: security / emergency services / customsWaste disposalBunkeringbuoys &/or moorings &/or dolphinsnavigational aids, channels, approaches to terminalpipelinesElectricity / water supply
![Page 3: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/3.jpg)
3
Port Authority
What is a Port Authority?– It may in addition
Lease space to terminal operatorsReceive revenue mainly from rental charges or provision of services.
![Page 4: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/4.jpg)
4
Terminal Operator
What is a Terminal Operator– Physical operation of a dock / pier– Stevedoring of vessels– Storage of cargo– Loading / unloading of trucks / railcars etc– Stuffing / unstuffing of containers– Mooring of vessels
![Page 5: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/5.jpg)
5
Insurance Coverages
Types Of Coverage– Liability– Property Damage– Business Interruption– Hull and P&I
![Page 6: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/6.jpg)
Liability
![Page 7: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/7.jpg)
7
Liability
Liability to who / from where
Imposed by Law
Assumed under contract
– with vessel owner– with cargo owner– with stevedores– with Port Authority / Terminal
![Page 8: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/8.jpg)
8
Customer Liability
Insurance for liability for physical loss / damage to cargo and consequential loss arising therefrom
Loss / Damage to Cargo– fire– impact damage
operation of handling equipmentfailure of equipment
– wet damage– contamination– theft (outsiders and insiders - or both)– temperature controlled cargo
![Page 9: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/9.jpg)
9
Customer Liability
Loss / Damage to Cargo - CFS Problems– handling accidents– method of stuffing containers– method of securing cargo– minor theft– misdirection
![Page 10: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/10.jpg)
10
Customer Liability
Liability for Loss / Damage to Ships and consequential loss arising therefrom– dropping of cargo– operation or toppling of gantry crane– condition of berth– pilotage / towage– stuffing of container
![Page 11: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/11.jpg)
11
![Page 12: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/12.jpg)
12
Customer Liability
Terrorism
ISPS Code
![Page 13: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/13.jpg)
13
Customer Liability
Loss / Damage to Containers– dropping of container– damage by handling equipment– collapse of stack
![Page 14: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/14.jpg)
14
Customer Liability
Errors and Omissions (not resulting in physical loss / damage)
– delay– wrongful delivery– other contractual breaches
misdirection of cargo
![Page 15: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/15.jpg)
15
Third Party Liability
Liability for loss / damage to third party property
Liability for death, injury , illness of third parties
Eg Damage / Injury to Visitor (eg to trucker or crew member)– incorrect operation of equipment– inadequate traffic system– inadequate maintenance of equipment – inadequate maintenance of port property (eg surfaces
causing trip and fall)
![Page 16: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/16.jpg)
16
![Page 17: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/17.jpg)
17
Third Party Liability
CFS– improper stuffing of cargo causing unstable cargo or
leakage Environmental– water pollution– air pollution
![Page 18: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/18.jpg)
18
Employees
Damage / Injury to Employees
![Page 19: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/19.jpg)
19
Fines
Loss of Cargo subject to Duty
Pollution fines
![Page 20: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/20.jpg)
20
Costs
Legal
Survey
Expert
Disposal
![Page 21: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/21.jpg)
21
Other
Removal of Wreck
Advise & Information Risks
Tenants Legal Liability
![Page 22: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/22.jpg)
22
![Page 23: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/23.jpg)
23
![Page 24: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/24.jpg)
24
![Page 25: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/25.jpg)
Hull
![Page 26: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/26.jpg)
26
Hull
Hull for owned vessels
P&I (to hull value) – port risks
Excess P&I
P&I cover with a specialist P&I insurer eg P&I Club
![Page 27: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/27.jpg)
27
Limit selectionLiability Limits
Geographical location?
Amounts imposed by Government regulation
How easy is it to breach statutory limits?
Any contractual obligation to Vessel owners?– Buy excess layers
In theory, cover needed to the highest valued vessel using the installation, including cargo value
![Page 28: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/28.jpg)
28
Controlling Risks by Contract
Need contractual or statutory protection
Typically port only liable for negligence, plus possibly certain specific exclusions
![Page 29: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/29.jpg)
29
Controlling Risks by Contract
Liability for cargo limited by weight or per container or per incident– also reliance on ship operator’s ability to limit
Liability for container limited by deemed value
Liability for ship limited to specified sum
Aggregate limit
No liability for delay
![Page 30: Ports and Terminals Liability Insurance](https://reader034.vdocument.in/reader034/viewer/2022051200/588097eb1a28ab74298c492c/html5/thumbnails/30.jpg)
Thank you