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Wednesday, 1 January 2014

Marine Underwriters and Wharfinger's Liability Insurance

When most people think of insurance for the marine and shipping industry, they think of vessels on the water and the cargo that they carry. While the shipping industry receives a lot of visibility and attention, there is more to day-to-day shipping operations than watercraft traversing seas to a delivery destination. The same marine underwriters who can provide hull insurance and marine insurance are also instrumental in helping wharfingers protect themselves against a variety of claims that take place as a result of business activities.
Wharf Operations
Activities abound at wharf and dock facilities where vessels are loaded and unloaded daily. Ships come into port and rely upon stevedores and other shore-based personnel to organize and load cargo onto vessels in keeping with their manifests and container delivery orders. These ships also need to refuel and restock their supplies before the next time they venture out to sea. Workers are responsible for loading the waiting cargo that has recently arrived from trucks, containers and railcars onto the vessels when they come into port. This involves small and heavy equipment operation, such as loaders, forklifts and cranes. Conveyors are also used in transporting cargo from the docks to the ships and barges. Vessels tie up at the wharf for a short or long period of time in between arrival and departure. Some require repairs, while others just need a place to stop and wait for new cargo to arrive and be loaded before they can leave on their next voyage.
Incidents
Since wharves and docks are busy places, there are often a multitude of different activities for various vessels happening at the same time. While one crew is loading a container ship, another may be unloading a barge. Even with strict attention paid to safety regulations and company procedures, incidents and accidents do sometimes occur. They may involve personal injury, unmanned breakaways and equipment failures causing damage to cargo and vessels.
Claims
While most vessels have their own marine insurance for incidents and accidents, sometimes wharf owners find themselves involved in claims regarding damage to cargo, equipment and ships at or on their docks and facilities. They may need insurance available through marine underwriters to cover claims for wreck removal, cargo damage and equipment replacement. Custom liability insurance policies can be created to offer peace of mind to wharf owners which will cover unexpected issues that may arise in day-to-day operations.
Author is a freelance writer. For more information on hull insurance please
visithttp://cultd.com/

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