IUMI Eye Newsletter June 2022

Message from the President: Back on the road

It feels incredible to reflect that it is over two years, since we started enduring the pandemic conditions that have done so much to blight travel. One...

War risk insurance update - Ukraine

Since the London Market’s Joint War Committee (JWC) listed the Black Sea a week before the conflict began, much has happened. Once the sanctions position on...

Book your place now for the IUMI Chicago 2022 Conference

The Annual IUMI conference is getting closer - the website for the IUMI Chicago 2022 Conference is now live...

Ukraine conflict and impact on trade and transport for marine

A view of the impact of the conflict in Ukraine is slowly beginning to form. A bit more than three months into the event, and the...

Marine plastic pollution – will nurdles be classified under the IMDG code?

This article highlights the spill risk of plastic resin pellets, so called “nurdles”, and work at the IMO to...

Examining Ro-Ro/-Pax, PCTC Fires

With this short article I would like to highlight some of the challenges with Ro-Ro/-Pax and Pure Car and Truck Carrier (PCTC) fires and projects and initiatives...

Considering the relation of Cyber and War risks

Merck v. Ace introduced in the previous issue of the IUMI Eye is substantially a case about a "war exclusion on a cyber coverage". As a...

IACS adopts Unified Requirements on cyber safety

The growing use and reliance on information technology, of data networks, transmissions and connectivity in the daily work within the marine and...

IUMI Asia Forum, Mumbai, India 1-2 June 2022

While the origin of the word Mumbai may be shrouded in multiple theories ranging from the name of the local deity Mumbadevi to the...

Ignore the sanctions landscape at your peril

The Russian invasion of the Ukraine has led to an unprecedented level of sanctions against Russia not only by the EU and US but by countries further...

A changing role of insurers in bunker contamination cases

In the first four months of 2022, several ships faced serious operational issues caused by contaminated HSFO bunkers stemmed in Singapore....

Summary of 109th session of the IMO Legal Committee (LEG 109)

The Legal Committee met virtually for its 109th session from 21-25 March 2022. Gillian Grant from Canada chaired the meeting assisted by...

Listen up...

Our most recent podcasts have been extremely topical. In March, IUMI Secretary General Lars Lange discussed the impact of the war in Ukraine and International sanctions on global...

Report of the 105th session of the IMO’s Maritime Safety Committee

The International Maritime Organization’s (IMO) Maritime Safety Committee held its 105th Session...

The impacts of climate change on marine cargo insurance

As global trade increases, supply chains become more complex, and in turn, the exposure to supply chain disruptions...

Barriers to cargo insurance penetration in Latin America

In Latin America, trade flows have increased about 17% and the container movements in TEUs by 33% in the last decade. Despite this expansion...

Quadra Commodities S.A. v XL Insurance and others – “Reasonableness” of late payment clarified by courts

The Commercial Court recently considered the application of s.13A of the Insurance Act...

Summary of the 9th session of the IMO’s Sub-Committee on Pollution Prevention and Response (PPR 9)

The Sub-Committee on Pollution Prevention and Response (PPR 9) met virtually for its 9th session...