IUMI – how tanker insurance is changing

(Jul 09 2021)

The International Union of Marine Insurance (IUMI) provided an update on issues affecting marine insurance in new ways over 2020, with some elements specific to tankers, discussing changes to tanker usage affecting risks, cybersecurity, climate chang...



IUMI publishes initial findings from its major claims database

(Sep 17 2020)

During this year’s annual International Union of Marine Insurance (IUMI) conference, initial findings from IUMI’s major claims database were made available for the first time.



American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance

(Jul 16 2020)

ABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on safety and risk management, and American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) have joined forces to provide education, training an...



Spike in enquiries for tanker political violence cover in the Gulf - Reuters

(Jan 23 2020)

Reuters reports insurance brokers saying there has been a spike in enquiries from tanker operators for political violence cover in the Gulf.



War risk premiums may rise - Reuters

(Jan 09 2020)

payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly, Reuters reports.



Knock-for-knock carve-outs on the increase

(May 01 2014)

The traditional knock-for-knock regime has been utilised in offshore contracts and related shuttle tanker contracts for many years*.



June-July 2021

Stena Bulk and decarbonisation - how BHP makes decarbonisation work financially - update on worldwide piracy - managing security risks of ECDIS - tanker inert gas systems