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Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations / STYLIANI KOUNAKOU

Swansea University Author: STYLIANI KOUNAKOU

DOI (Published version): 10.23889/Suthesis.55952

Abstract

The charterer’s liability insurance as an insurance product is relatively new in practice, with the academic bibliography referring to it being considerably limited. Therefore, the primary aim of this work is to shed some light on the way this concept works and ascertain whether charterers are adept...

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Published: Swansea 2020
Institution: Swansea University
Degree level: Doctoral
Degree name: Ph.D
Supervisor: Soyer, Baris; Leloudas, Georgios
URI: https://cronfa.swan.ac.uk/Record/cronfa55952
first_indexed 2020-12-31T14:01:54Z
last_indexed 2024-11-14T12:09:10Z
id cronfa55952
recordtype RisThesis
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spelling 2024-07-11T13:58:41.3657387 v2 55952 2020-12-31 Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations e1e155ba82ce2415f65085a07185a81b STYLIANI KOUNAKOU STYLIANI KOUNAKOU true false 2020-12-31 The charterer’s liability insurance as an insurance product is relatively new in practice, with the academic bibliography referring to it being considerably limited. Therefore, the primary aim of this work is to shed some light on the way this concept works and ascertain whether charterers are adeptly protected and represented within the insurance world, given their established liability exposure under time and voyage charters. In order for this aim to be achieved, firstly the charterer’s liabilities are identified and divided among those arising under time and voyage charters, either in contract, tort or statute. It follows an examination of the concept of charterer’s liability insurance protection and an evaluation of the three types of charterer’s insurance providers (i.e shipowners’ P&I Clubs, commercial mutual and fixed premium insurers). Also, a comparative analysis is carried out among twenty three different charterer’s liability covers and their scope is presented in-depth with practical examples of application provided through interviews by some charterers and their insurance representatives. The research finally concludes with the belief that charterers are sufficiently represented in the insurance world by the existing insurance providers, with a particular preference being shown over fixed premium insurers. It further establishes that even though the scope of charterer’s liability cover seems to protect charterers against the majority of risks they are exposed to, it does not suffice itself to answer to their overall liability, as it does not take into account certain main areas of their exposure. So, it is argued that charterer’s liability insurance can only work effectively when combined with additional layers of protection. Last, the evaluation of charterer’s cover concludes highlighting that the efficacy of charterer’s cover will be certainly challenged when new liabilities emerge in near future referring particularly to bunkers, cyber-security and “smart shipping”. E-Thesis Swansea 13 11 2020 2020-11-13 10.23889/Suthesis.55952 COLLEGE NANME COLLEGE CODE Swansea University Soyer, Baris; Leloudas, Georgios Doctoral Ph.D The Institute of International Shipping and Trade Law, Swansea University 2024-07-11T13:58:41.3657387 2020-12-31T13:57:57.2966398 Faculty of Humanities and Social Sciences Hilary Rodham Clinton School of Law STYLIANI KOUNAKOU 1 55952__18955__feadd40d18b34f9a97d2118a014991c0.pdf Kounakou_Styliani_PhD_Thesis_Final_Embargoed30.04.2023_Redacted_Signature.pdf 2020-12-31T14:12:11.0736191 Output 2991776 application/pdf E-Thesis – open access true 2023-04-30T00:00:00.0000000 true eng
title Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
spellingShingle Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
STYLIANI KOUNAKOU
title_short Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
title_full Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
title_fullStr Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
title_full_unstemmed Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
title_sort Charterer’s liability insurance: An evaluation of the charterer’s insurance options and recommendations
author_id_str_mv e1e155ba82ce2415f65085a07185a81b
author_id_fullname_str_mv e1e155ba82ce2415f65085a07185a81b_***_STYLIANI KOUNAKOU
author STYLIANI KOUNAKOU
author2 STYLIANI KOUNAKOU
format E-Thesis
publishDate 2020
institution Swansea University
doi_str_mv 10.23889/Suthesis.55952
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str Hilary Rodham Clinton School of Law{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}Hilary Rodham Clinton School of Law
document_store_str 1
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description The charterer’s liability insurance as an insurance product is relatively new in practice, with the academic bibliography referring to it being considerably limited. Therefore, the primary aim of this work is to shed some light on the way this concept works and ascertain whether charterers are adeptly protected and represented within the insurance world, given their established liability exposure under time and voyage charters. In order for this aim to be achieved, firstly the charterer’s liabilities are identified and divided among those arising under time and voyage charters, either in contract, tort or statute. It follows an examination of the concept of charterer’s liability insurance protection and an evaluation of the three types of charterer’s insurance providers (i.e shipowners’ P&I Clubs, commercial mutual and fixed premium insurers). Also, a comparative analysis is carried out among twenty three different charterer’s liability covers and their scope is presented in-depth with practical examples of application provided through interviews by some charterers and their insurance representatives. The research finally concludes with the belief that charterers are sufficiently represented in the insurance world by the existing insurance providers, with a particular preference being shown over fixed premium insurers. It further establishes that even though the scope of charterer’s liability cover seems to protect charterers against the majority of risks they are exposed to, it does not suffice itself to answer to their overall liability, as it does not take into account certain main areas of their exposure. So, it is argued that charterer’s liability insurance can only work effectively when combined with additional layers of protection. Last, the evaluation of charterer’s cover concludes highlighting that the efficacy of charterer’s cover will be certainly challenged when new liabilities emerge in near future referring particularly to bunkers, cyber-security and “smart shipping”.
published_date 2020-11-13T02:14:52Z
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score 11.04748

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