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Our brokers take time to carefully understand
your risk exposures and specific goals so that we can
deliver insurance solutions tailored to your requirements
with a personalized touch. Working in close partnership with
each of our clients has always been the key to our success.
The same team that designs, negotiates and implements your
insurance plan will also be managing your service needs.
Risk assessment is an important step in the
risk management process. Once risks have been identified and
assessed by each client, the steps to properly deal with
these risks are more difficult. Please remember that failure
to disclose any material facts to Insurers can result in
loss of cover. Examples of material facts could be any
change in trading areas, type of cargoes, flag state,
classification society, type of use, disclosure of any
claims you may have made in the past, etc.
When approaching the Insurers, Air & Sea
Insurance Corp. relies on your company risk presentation,
the insurance application and all representations made by
your professional team to us. The information concerning
risk exposures and future changes in the circumstances
should be accurate so we can understand your demands and
needs for insurance cover. Insurance underwriters will
decide on accepting or not your risk depending on the
information you have provided. It is also important that you
understand the type of cover being offered. Where we cannot
meet all your demands and insuring needs, please contact our
office in writing immediately.
To ensure that we have correctly understood
your needs for insurance cover, please read the contract of
insurance and all communications through very carefully and
ensure that they are accurate and correct. All insuring
clauses, when not provided in the contract of insurance, are
always available in our office for your perusal. If there is
any incorrect information, gap of cover, change in any
circumstance, risk situation or if we have failed to record
one of your needs, please let us know immediately.
By assisting clients to manage their own risks, we work
together to prevent future losses and achieve better
coverage to their exposures.
Risk Management for Ship-owners and Operators:
Complied with the International Maritime Organization
(IMO) regulations.
Compliance with the Classification Society and State
Flag requirements.
Pay attention to the State regulations/local laws
affecting your trading area.
Prepare both vessel and crew for the Port State Control
inspections, especially Coast Guards boarding.
Maintain Hull & Machinery insurance at all times.
Complied with the insurance Surveyor recommendations
immediately.
Maintain Protection & Indemnity (P&I) cover in force at
all times.
COFR (Certificate of Financial Responsibility) is to be
renewed every 3 years for all vessel over 300 GRT trading
within U.S. waters; but the U.S. Water Pollution insurance
is only valid for a period of up to 12 months.
Make sure that the limit of liabilities of your P&I
policies is sufficient for the type of cargoes and ships
operations you are engaged in.
Develop a Pollution Prevention Plan and implement
Response Manuals.
Conduct training for your crew and perform regular
drills.
Complied with the International Ship and Port Security
(ISPS) Code, SOLAS and MARPOL.
Get familiarized with the International Convention for
the Control and Management of Ships Ballast Water and
Sediments (BWM Convention) adopted in February 2004.
For tanker carrying more than 2,000 tons of crude oil,
have the Blue Card on board in compliance with the Civil
Liability Convention (CLC) 1992.
Complied with The Bunkers Convention for all vessel
over 1,000 GRT.
Have the list of local P&I correspondents printed on
board.
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