FAQ

A marine survey is conducted as a measure of loss prevention. It is an independent appraisal of how your cargo is packaged, handled, secured, and transported.

It assures both the customer and her insurers that the activities and risks undertaken are both acceptable and are as per the applicable acts, marine orders, regulations, both local and international and as per industry codes and standards.

A requirement for a marine survey may be specifically stated in your marine cover, being part of its marine warranty requirements. This is usually the case for project-based shipments where it can be a condition for cover.

Almarco is well positioned around the globe to provide these services.

Since the beginning of the marine insurance market, Insurers have always recognized that marine operations come with a very high risk. Past experiences have cautioned the industry that accidents that can cause the loss of life and property can and will occur here if the risks are not managed properly. This in turn can lead to costly claim experiences.

As the underwriting community is predominantly financially based, it is recognized that there would be difficulties in the Insurers themselves providing the required level of marine technical oversight of the larger marine projects. Thus, to protect their interests in these policies, there is a need for an independent specialist to review and approve the marine operations, on their behalf. That role is primarily performed by the appointed Marine Warranty Surveyor.

A Marine Warranty Surveyor acts on behalf of the Insurer and the Assured to ensure that specific project marine operations are performed as per recognized codes & standards and that the requirements of the marine warranty clauses are strictly complied with. He also ensures that the activities are undertaken within acceptable levels of risk that is acceptable to insurers, industry and both national and international regulatory bodies, where appropriate.

Our Marine warranty surveyors are independent and have the required operational experience and expertise to carry out these tasks. They also have the required local knowledge and are well-positioned to manage any marine operational issues that may arise.

Almarco Maritime provides a risk management solution in managing the associated marine risks that accompany the marine transportation of large critical shipments as part of infrastructure or energy projects.

It partners with insurance brokers, insurers, clients, etc. in providing a complete marine risk management solution on marine Loss control and claims services, particularly on project cargo shipments.

This in turn will ensure compliance with the marine warranty requirements of the marine cover for the project.

The definition of a critical shipment is usually stipulated within the marine cover. Some examples of a critical shipment on a typical large construction project are as follows:

1. Any single item such as machinery with an insured value above AUD 5,000,000.

2. Equipment including packing with a unit weight above 50 MT,

3. An insured value above AUD 2,000,000.

4. Ocean barge shipments, etc.

Almarco conducts desk-top reviews on critical shipments or vessels before the actual attendance of a marine survey. A desktop review is usually carried out on both the nominated vessel and the insured shipment.

Some of the areas that are looked at in this review are as follows:

1. Piracy risks,

2. Route analysis,

3. Packaging methodology,

4. Manufacturers handling procedures,

5. Certification – Lifting / securing gears,

6. Land-based transportation,

7. Vessel – Screening / Suitability

8. Vessel management and operations,

9. Sea-fastening methodology – Method statements,

10. CSS Code – Annex 13 compliance, etc.

Almarco prepares a ‘Survey methodology’ upon completion of a desktop review on the planned shipments for a particular project.

The survey methodology details the processes and procedures that will be utilized to manage critical shipments on a particular project.

It consists of various fit for purpose checklists, guidelines, and discussion papers to manage the marine risks associated with critical shipments.

Some of the marine regulations, codes and guidelines that would need to be adhered to are as follows:

• Flag state and Classification Society rules,

• Cargo securing manual,

• The CSS Code (IMO Code of Practice for Cargo Stowage and Securing, 2003; Resolution A.714(17)),

• Intact stability regulations (The International Code on Intact Stability, Resolution A.749(18)),

• CTU packing guidelines (IMO/ILO/UNECE Code of Practice for Packing Cargo Transport Units (CTU Code), 2014),

• DNV Rules for the Planning and Execution of Marine Operations,

• DNV-GL Noble Denton Guidelines, etc.

Almarco has been appointed to manage large claims on behalf of marine insurers. We do have the required skills and experience in loss adjusting and have managed various accounts on this matter.

We have also been appointed by Maritime Lawyers as subject matter experts in particular areas as well.

We do conduct surveys on marine claims.

Our team of Master Mariners and Chief Engineers will be able to assist in ensuring compliance amongst others, with the following codes, regulations, and guidelines:

  • Flag state and classification rules

  • Cargo securing manual

  • The CSS code (IMO Code of Practice for Cargo Stowage and Securing 2003)

  • Intact stability regulations (The International Code on Intact Stability, Resolution A.749 (18)

  • CTU Packing Guidelines (IMO/ILO/UNECE Code of Practice for Packing Cargo Transport Units (CTU code)

  • GL Noble Denton Marine Services Rules and Guidelines

  • DNV rules for planning and execution of marine operations

HOW CAN WE HELP?

Contact us today by submitting an enquiry online.