59 
It’s Almost July of this year. What’s so special in July, you may ask.
Naaa.. It’s not my birthday and it’s not my son’s birthday.
This is the time I have to shell out a huge chunk of money for my car insurance. Year after Year, each year.
Now if I am so much worried about my Car’s insurance premium, Imagine about the ship owners.
Imagine how much money they need to pay for the insurance of their ships. But that is the cost they cannot avoid.
These costs are for the insurance of ship’s hull and machinery. The good part in this insurance is that costs are known to the shipowner and they can plan for that.
But when a ship is navigating at sea, carrying cargo and is involved in all these activities, it is subjecting itself to a number of claims against the ship owners.
Join now to access this article and much more.
Admin has placed this article behind a paywall, making it accessible only with a paid membership, which offers numerous perks:
- Contribute to creating a platform for reading and writing without ads.
- Enjoy all content here, including exclusive articles for members.
- Gain access to all exclusive articles for members.
About Capt Rajeev Jassal
Capt. Rajeev Jassal has sailed for over 24 years mainly on crude oil, product and chemical tankers. He holds MBA in shipping & Logistics degree from London. He has done extensive research on quantitatively measuring Safety culture onboard and safety climate ashore which he believes is the most important element for safer shipping.
Comments (59)