SECURITY CODE
June 1st, 2004
BY KEITH NUTHALLAS the deadline for the International Maritime Organisation (IMO) security code passes today (July 1) with just over half of ships and ports in compliance, maritime insurers are considering whether policies should exclude coverage for shipping losses caused by failures to implement these rules.The London market Joint Hull Committee will meet next week to "urgently" debate agreeing an optional maritime insurance clause allowing insurers to say "you are not covered", committee permanent secretary David Taylor, told Insurance Day."Hull insurers want ...
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