ANALYSIS
December 1st, 2002
BY KEITH NUTHALLTHE BETS are off over whether the new code on maritime safety and security agreed by the International Maritime Organisation this month will actually allow insurance companies to reduce the premiums that they charge shipping companies and ports.Tim Reardon, shipping policy manager for Britain's Chamber of Shipping, told Insurance Day: "I'm sure that owners will be delighted at the prospect of lower rates; whether they will come to pass remains to be seen."Implementation of the standards in the code will be crucial, naturally, and so eyes will be ...
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