Machinery damage is the most frequent cause of loss in marine insurance. 40% of hull claims, by number, are due to this cause and they comprise 30% of costs. This is likely to increase with the introduction of low-sulphur fuels. The upcoming 2020 emissions control limits involve a significant reduction in the permissible SOx emissions from ships from 3.5% to 0.5% globally.

In this webinar George Margetis, Managing Director at Margetis Maritime Consulting, will discuss the various problems that are presently anticipated with the new blends that are being developed as a result of the new regulations. George will consider the consequences to the marine insurance market, including the high risk of combustion related damages and claims in machineries when using these new blends of fuels.

The Q&A will be moderated by Neil Roberts, Head of Marine Underwriting at the Lloyd’s Market Association (LMA).

Registration:

Tuesday, 7 May 2019 - 14:00-15:00 CEST (Hamburg time)

Please note that this webinar is free of charge to everyone.

Certificate of attendance:

A certificate to confirm participation in the live webinar is available upon request (NB: The certificate can only be issued for attendees of the live webinar and is not available for viewing the recording).