Professional Documents
Culture Documents
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Skul
Viewpoint
Douglas Jacobsohn
President & CEO
Skuld builds on
strong results
The past few months has seen another exciting journey for Skuld with
our joint purchase of the European operations of the Whittington
Group, the leading managing agency in the Lloyds market. The deal
follows the launch of our Lloyds syndicate, Skuld 1897, this time last
year. This further establishes our commitment to expansion in the
London market and beyond, without compromising our heritage as a
world-leading P&I mutual club, headquartered in Oslo.
200
ssue
i
/
1
1
20
on NOVEMBER
beac
Expansion
As I hope you know, Skuld has always been and will always be about
service, and the addition of Whittington enforces that. While were
profitable, dynamic and experts at what we do, were totally committed
to service, and this step in our diversification journey will only enhance
that service.
Finances
As we near the end of the year, I hope you enjoy this 200th anniversary
edition of Beacon. We have given you our thoughts on charterers
liability and reported on other news, including the new Skuld app and
the launch of our latest publication Lifeboat Release Hooks.
Enjoy your reading!
Douglas Jacobsohn
Skuld
magazine
beacon
14
ix
anp
to: Sc
Pho
PATCHES
MAKE PERFECT
whole or in part, without written permission from Skuld, is prohibited. Opinions expressed by
writers in Beacon are not necessarily those held by Skuld. Skuld assumes no responsibility for
unsolicited material. WWW.SKULD.COM
Oil may be expensive when used for filling cars, but its
price is nothing compared with the costs that materialise
when it washes up on a beach. When this happens, it is
usually underwriters who must pay the price.
/ contents
NEWS feature: Charterers liability
6 2011 the charterers year
9 Grounding in the Orinoco River
12 Extra bunker-handling costs now covered
Loss prevention
14 Patches make perfect
16 Passing inspection
CURRENT
17 Going offshore in Aberdeen
18 200 issues young
20 Download the new Skuld app
news
21 Personnel news
23 News
Grounding
in the
Orinoco
River
A charterer member may ask what does
Charterers Liability to Hull (CLH) cover
include and what is the benefit of having
it? As the article shows, charterers are at
significant risk of substantial liabilities
arising from relatively simple situations.
20
Download
the new
Skuld app
Correspondent and vessel searches
worldwide have become quicker
with a brand new app. The app, together
with Skulds website and pdf access,
are about to make the previously printed
List of Correspondents redundant.
NEwS feature
Charterers liability
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C liabi
NEWS feature
LEGAL
ISSUES
Charterers liability
Written by
Name Surname
Job title, Skuld
name.surname@skuld.com
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read more
NEWS feature
Charterers liability
We have
opened up
for one-year
cover written
anytime
during the
year
Charter market
Skulds online charterers declaration saves charterers and brokers time and provides
an easily accessible overview of a fleets coverage, says Egil Gulbrandsen Mandt,
Skulds SVP in Underwriting & Marketing.
NEWS feature
Charterers liability
rterers year
Over 50,000 merchant ships trade internationally. Many are still uninsured.
NEWS feature
Charterers liability
Charterers Owners
Unlimited cover
included
/
Skulds Charterer Terms & Conditions means insurance is much easier to understand
and adapt to individual needs.
Skuld is one of the largest providers of liability covers for time and
voyage charterers. Traditionally, charterer and owner tonnage has
roughly been at the same level. Over the years, we have developed
comprehensive products for charterers, in terms of scope, depth of
support and specialist advice, says Egil.
Today, Skulds financial performance is strong. As of August 2011, the
outlook for Skulds A- rating was moved from stable to positive, reflecting
Skulds strong underwriting track record. This position enables the
club to meet clients specific insurance and security demands.
Renowned service
www.skuld.com/charterers
GET STARTED
ITS EASY!
1. Search by IMO number or vessel name
2. Select relevant cover
3. Enter expected duration
4. Press send
This gives Skuld sufficient information to hold the vessel
on cover and calculate the correct premium, which then
appears in the declaration overview.
NEWS feature
Charterers liability
By Christian Ott
Assistant Vice President, Skuld Far East Ltd.
christian.ott@skuld.com
Grounding in the
Orinoco River
A charterer member may ask what does Charterers Liability to Hull (CLH) cover include and
what is the benefit of having it? As the following true story demonstrates, charterers are at
significant risk of substantial liabilities arising from relatively simple situations. Skulds cover
protects members against such liabilities and provides them with the benefit of the clubs pro-active
claims-handling services.
Case background
The Orinoco River, one of Venezuelas main trade arteries, requires regular dredging to
keep it clear for commercial vessels.
Owners
claimed for
unsafe port
and demanded
over USD 2.5
million
Skulds response
NEWS feature
Charterers liability
the
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as sa ain
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m
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ax bu
V
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T
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Orino arteries.
trade
10
NEWS feature
Charterers liability
Source: Wikipedia
Ocean-going ships can sail 435 km up the Orinoco. Beyond that you may need a canoe.
Outcome
11
NEWS feature
Charterers liability
Photo: 1-images.no
Charterers no longer need CLH or FD&D cover when off-specification bunkers are supplied to the vessel. Its now covered by Skulds charterers liability insurance.
Extra bunker-handling
costs now covered
As of 20 February 2011, Skulds standard charterers cover includes extra costs and liability for extra
costs incurred with the removal, storage, processing and disposal of bunkers supplied by the
charterers. The new rules represent a very significant improvement for charterers who no longer
have to rely on their CLH or FD&D covers where off-specification bunkers are stemmed to the
chartered vessel.
The charterers vessel, Calisto, was close to Cigading, Indonesia when
the problems started. A fresh DNV report read like a horror story and
stated that bunkers were contaminated. The master and crew rounded
on the charterer, laying the blame squarely on their doorstep. Relations
were at an all-time low.
The charterers operations manager called me. I feel like Ive just rolled
out of bed and stepped into a pile of steaming hot dung! he said.
He demanded we appoint lawyers and start arbitration. You will be far
12
NEWS feature
Charterers liability
By Kim Steffensen
Claims Executive Lawyer, Skuld Copenhagen
kim.steffensen@skuld.com
right of recourse against the bunker suppliers. Calls were made, the
suppliers became involved and the dispute was handled back-to-back
from there. Furthermore, the charterers were able to benefit from the
suppliers extensive knowledge.
The operations manager called me again the next day: We are going
belly up! he yelled. The owners are deviating to Gladstone, Australia
to take on board new bunkers. It will take an additional three days and
the time loss will cost us more than Liberias deficit. Get a grip of
yourself, I replied. You are fully covered under Skulds standard
charterers liability insurance for the loss of time and additional
costs incurred.
The Owners
are behaving
like sharks
in a savage
feeding
frenzy!
read more
The owners claimed that charterers were responsible for loading the contaminated bunkers on board.
www.skuld.com/charterers
13
/ Loss
prevention
Sealing in your costs
PATCHES
MAKE PERFECT
Oil may be expensive when used for filling cars, but its price is nothing compared
with the costs that materialise when it washes up on a beach. When this happens,
it is usually underwriters who must pay the price.
The most likely cause of oil pollution at sea is from vessels damaged by
grounding or collision. The sight of oil pouring from a torn bunker or
storage tank is something the world has witnessed too often and the
insurance industry is well aware of the massive price it carries.
A very real cost that is rarely considered can arise after the incident
when the pressure inside the damaged bunker or cargo tanks is equalised.
Although the initial outpouring has stopped, large volumes of hydro
carbons can remain trapped within the vessel and become discharged
intermittently by wave action or through wreck movement. Whenever
this happens, often years after, it can result in a new wave of claims
against the insurer.
Although no two casualties are the same, the use of magnetic or flexible
patches can often prevent more leakage and protect the insurer against
the risk of further costs. Miko Marine AS of Oslo has seen its patches
deployed with considerable effect on numerous occasions to minimise
pollution and prevent total loss of the vessel.
Miko is now well known for its range of flexible magnetic patches that
have saved the coasts of Scandinavia from pollution on several occasions.
The most extreme example occurred late last year when the Danishflagged nuclear fuel carrier Puma began taking in water as it sailed
south from Murmansk. It was a small leak caused by a defective valve,
but the crew was unable to stop the inexorable flooding of its engine
room. Fortunately, as all Norwegian Coast Guard vessels are equipped
with Miko magnetic patches, it was a simple task to seal the leak and
escort the Puma to Hammerfest for permanent repair. Had the patch
not been available, the ship might have been lost with frightening
consequences for its underwriters.
Although Miko patches are sometimes likened to a large, flexible fridge
magnet, magnetism is usually all that they have in common. It took
several years of careful research to develop patches capable of the tasks
they perform. First and foremost a patch must create a powerful bond
despite many layers of paint or corrosion that may sit between it and the
metal. This is achieved by mixing rare-earth particles with an exceptionally
14
magnetic
or flexible
patches can
often
prevent
more
leakage
Loss
Prevention
By Paul Eastaugh
Miko Marine AS
info@miko.no
Photo: Scanpix
Patches from Miko Marine were recently used to stop leakage from the Hurtigruten vessel Nordlys in lesund, Norway.
The trawler
m/v Nybo was
holed in a
collision
and left in
danger of
sinking
hat-shaped patch had been delivered by Miko and fitted over the
damage so that the boat could sail to a repair yard. After some internal
reinforcement repairs, the trawler was considered seaworthy and
allowed to resume work. This was an important cash bonus for the
family-owned boat, which was able to continue trawling in Arctic waters
for three weeks with the Miko patch in place before going to a dry dock
for permanent repair when the season closed.
Although incidents such as these demonstrate the value of the patches
carried by the Norwegian Coast Guard, the need for their wider availability
persists. With slow, difficult and expensive underwater welding often the
only alternative, Miko magnetic and hat-shaped patches are often the
only alternative to an expensive claim.
read more
www.miko.no
15
LOSS
PREVENTION
By Niki Mowinckel
Senior Surveyor/Port State Control Co-ordinator
Niki.Mowinckel@dnv.com
Passing inspection
DNVs PSC Tool Kit helps vessels pass
port state controls.
Photo: 1-images.no
While DNV-classed vessels have led the industry for years with the lowest
port state control detention figures, a rising number of detentions were seen
in 2008. At the same time, DNV conducted a review of its port state control
customer support services.
As a result, a unique tool to assist the vessels crew as well as onshore
management has been developed. No ship should be sailing unless
the fire protection and essential safety equipment is in good shape and
in full compliance with ISM regulations. This is where the Port State
Control Tool Kit comes in useful. It provides reminders about essential
safety issues and guidelines for how to ensure quality.
The new Port State Control Tool Kit includes a handy reference
booklet. The booklet covers information regarding port state control
inspections and updates on changes to MoU rules, in addition to
removable posters showing good and bad practice. The posters can be
hung in key locations to remind crew members about best-practice
maintenance routines for some high-risk inspection areas. It also
contains a flowchart called Masters quick guide to PSC inspections
16
It provides
reminders
about
essential
safety
issues ...
read more
www.dnv.com/psc
/ CURRENT
By Katinka Kure-Dziakonski
Client Servicing and Marketing Assistant, Skuld Offshore
Katinka@skuld.com
Going offshore in
Aberdeen
Skulds stand visualises the synergy
between traditional P&I, Skuld 1897s
marine and energy insurance and
Skuld Offshores special liability cover
for vessels and units operating in the
offshore industry.
.
/ Location:
Aberdeen, UK
/ Dates:
6 8 September
/ Floor space:
25,000 square metres
/ Exhibitors:
Over 1,500 from all
five continents
/ Unique visitors:
Approx. 32,000
Background: Ann-Charlotte Zervens, Kevin Campbell and Christofer Kobro of Skuld.
Foreground: Gregory Thomas, Skuld Offshore, talks with Claes Lindh, Skuld.
The Offshore Europe conference and exhibition in Aberdeen is where a worldwide audience of
technical specialists, engineers, industry leaders, insurance buyers and experts come together to
discuss all aspects of the upstream industry. This years conference theme was Securing Safe,
Smart, Sustainable Supply and all major oil and gas operating companies were present.
In September, Skuld exhibited for the first time at Offshore Europe
with representatives from Skuld P&I, Skuld Offshore and Skuld 1897
sharing the same stand. Such a collective effort underlines the
successful synergy between the three entities and illustrates the
complete insurance package Skuld now offers. The exhibition provided
a great profiling and networking opportunity for Skuld and useful
contacts were made.
read more
www.skuld.com/offshore
17
CURRENT
www.skuld.com/beacon
18
CURRENT
19
Current
Download
the new Skuld app
Correspondent searches worldwide have become quicker with a brand new app. The app,
together with Skulds website and pdf access, are about to make the previously printed
List of Correspondents redundant.
Additional access to Skuld-entered vessels and the clubs emergency
hotline makes it worthwhile downloading the free-of-charge app to
your smartphone.
Correspondent search
Android
iPhone
20
/ personnel
news
SKULD
Aberdeen
SKULD
HAMBURG
SKULD
Moscow
1 / Kevin Campbell
5/ Annekatrin Chaudhary
9 / Arina Zamorova
Claims Executive
Office Manager
SKULD
Copenhagen
2 / Sofia Bengtsson
Claims Executive
10
12
11
200
Administrative Assistant
10 / Sondre Aasb
Credit Controller
SKULD
LONDON
8 / Simon R. Smith
12 / Milla Andrew
Underwriting AssistanT
Offshore Syndicate
7 / Rahima Khatun
Receptionist/Office Manager
3 / Peter Blcher
Claims Executive
13
6 / Nicole Multani
SKULD
Oslo
Sonnenschein
Claims Executive
beacon
beacon//NOVEMBER
december2011
2008 21
14
15
16
15 / Genadijs Miluskovs
16 / Thor-Christian Wang
Senior Executive,
Risk Management
Skuld 1897
17
19
18
20
17 / Parisha Bansil
19 / Lucy Hilton
21 / Richard Rea
Personal Assistant/Office
Assistant
21
22
20 / Deepa Nathvani
Deputy Hull Underwriter
/ news
OTHER SKULD NEWS
T
LIFEBOAS
RELEA E
HOOKS
Class of 2011: Schools out this time at Vigeland Park, Oslo. A sight-seeing tour of the
city is part of Skuld Schools social side.
Lifeboat Release Hooks is a guide to help develop loss prevention programmes and
maintenance manuals.
read more
www.skuld.com/Publications/Lifeboats-Release-Hooks
beacon / NOVEMBER 2011
23
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To
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at th he issue o
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24-hour
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number
+47 952 92 200
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Earlier editions
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