Loss Prevention Advice
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Two incidents of armed robbery against ships (one CAT 3 and one CAT 4) in Asia were reported between 12th – 18th March 2024.
The CAT 3 incident occurred onboard a heavy load semi-submersible carrier while underway in the Straits of Malacca and Singapore (SOMS) while the CAT 4 incident occurred to a bulk carrier while at Pulau Batam Anchorage, Indonesia.
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An article which aims to emphasise the risks associated with the liquefaction of nickel ore during seaborne transport, highlighting the need for vigilance among shipowners and masters.
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An Indian navy warship has intercepted the hijacked cargo ship Ruen and demanded the Somali pirates on board surrender, a navy spokesperson said on Saturday.
The pirates who allegedly hijacked the Maltese-flagged bulk cargo vessel on Dec. 14 opened fire on the navy ship in international waters.
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Policy Year 2023/24 - Annual Attestations of Price Cap compliance
As per the a circular of 23 February 2023, Shipowners potentially involved in the carriage of Russian origin oil and/or petroleum products are required for the policy year 23/24 to submit an annual attestation of Price Cap compliance in the form set out in annex A of the circular. Cover for claims arising out voyages connected with the carriage of Russian origin cargo may be unavailable until the Club has received such attestation.