Dear Readers,
Greetings from Beacon!!!
As a part of our continuous communication for our clients, we are continuing it with reference to recent Baltimore incident and its probable impact on various line of insurance products like Marine cargo, Marine Liability, Business Interruption losses etc. This incident is a perfect example of how a single maritime incident can trigger multi-dimensional aspects of insurance claims and liability toward various stakeholders.
Recent development in the said case is declaration of General Average by its ship-owner to contribute salvage and other expenses to refloat the ship. Hence we request our clients to let us know in case of any communication from the shipping line for the cargo having on-board DALI. Many more developments will take place in future either it be political, insurance claims or legal, we ensure to keep our clients updated regarding each and every aspect of this incident.
Feel free to connect.
