The Insurer – Page 5
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News
WMD: This Applies To You
Clerks in the letters of credit departments of leading trade finance banks have just begun to notice that during 2004, the usual cargo insurance clauses have begun appearing with a so-called RACE exclusion, that is to say that claims arising out of Radiological Emissions, Chemical, Biochemical or Electromagnetic Causes are ...
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News
Middle East embraces ISPS
Portside compliance with the ISPS Code is pretty much a farce at the moment, right?
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News
THE ANTIPODEAN WATERFRONT
The Australian Waterfront is the product of three main forces, only one of which is native to the Lucky Country. First and foremost is the influence of the thin band of settlement around the coast of the country which makes for many ports, poor roads in the interior and very ...
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NewsTHE CLOCK TICKS
Tick tock goes the clock as the compliance deadline looms for ports and terminals under the ISPS Code. Sure as anything is sure, there are a good many ports who have not yet lined up their security ducks in a row and who will be found wanting come 1st July, ...
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News
NO SPACE PROBLEMS IN MIDSTREAM
One thing which you may take from the current ports and terminals scene is that the industrial demand for new capacity in container ports is likely to come up against the NIMBYism of the surrounding community. NIMBY stands for Not in My Back Yard. Although it seems that the world ...
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NewsSALUTORY THOUGHTS ON QUAY WALLS AND CRANES
Fools wander in where civil engineers fear to tread but speak to the specialist insurers and they all know a thing or two about contact damage and ports. There are some rough rules of thumb which hold true most of the time. Like when a ship''s bulbous bow touches a ...
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NewsTHE PRICE OF A STEVEDORE
Many things in the terminal industry cost the same wherever you happen to be. The crane and reach stacker suppliers will name you a price, off-the-shelf terminal management software will cost the same, the price of dredging out new berths is pretty much governed by what the specialist companies charge.
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NewsLESSONS FROM THE 'CAT' MARKET
Recent events in Busan have served to concentrate the minds of people who have to think about the risk management of ports and terminals. It is probably fair to say that the minds of many of them have mostly been focused on the hitherto much neglected subject of security caused ...
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NewsBUSAN - COUNTING THE COST
In the weeks after Typhoon Maemi''s visitation upon Busan, the parties concerned are starting to count the cost. Sources say that Typhoon Maemi has extended the range of what scale of loss can be imagined for a modern container port. It is already looking like the largest insured loss in ...
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NewsUNDERWRITING FOR BEGINNERS
Looking at your average modern container port during one of its quieter moments in the day you would hardly credit how many risks are concentrated in these few acres of hard stand, sheds and handling equipment.
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NewsThe soft UNDERBELLY
It is said that in the rather anxious aftermath of the 911 outrage, officials in the Bush administration looked around at the shipping and transport industry and saw in all its openness and globalness, the soft underbelly of national security.
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