Simas kapal seminar jakarta 15 april final

Shipowners Gathering Plaza Simas 15 TH April, 2009 Safety Issues – Claims - Coverage Guest Speakers: Pak Guntur Tampubolon (PT Radita Hutama Internusa) Pak Alif Hastono (PT Abadi Cemerlang)

Sinarmas Marine Hull Capability

Simas Kapal - for owners of tugs, barges, and crewboats - less than 5,000 GRT First Choice for Shipowners with vessels less than 5,000 GRT Simas H&M - for owners of dry cargo vessels, container vessels, bulkcarriers, tankers and LCTs less than 5,000 GRT

[object Object],[object Object],[object Object],[object Object],[object Object],BASIS OF VALUATION

BASIS OF SETTLEMENT ,[object Object],[object Object],[object Object],[object Object]

Barge Built 2010 3,000 GRT Value US$1,500,000 @ 1% = US$15,000 premium Barge Built 1990 3,000 GRT Value US$500,000 @ 1.75% = US$8,750 premium Claim for grounding = US$100,000……? We need to charge a rate of 3% on the old vessel to get the same premium as the new vessel…….. THE IMPACT OF NEW FOR OLD

The market practice is to charge 1% of H&M value……….but look at what this means: Tug Built 2010 300 GRT Value US$1,500,000………deductible 1% = US$15,000 Tug Built 1990 300 GRT Value US$500,000…………deductible 1% = US$5,000 DEDUCTIBLES

COVERAGE OPTIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

DISBURSEMENTS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

EXTRA COVERAGE offered by Sinarmas ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

PREMIUMS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

FLEXIBLE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

MORTGAGEE’S INTEREST ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],MORTGAGEE’S INTEREST

MORTGAGEE’S INTEREST Often referred to as the “Innocent Owners” insurance

CLAIMS ,[object Object],[object Object],[object Object],[object Object]

CLAIMS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

QUOTATIONS ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],COMMON ABBREVIATIONS

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],COMMON ABBREVIATIONS

[object Object],[object Object],[object Object],[object Object],[object Object],COMMON ABBREVIATIONS

Simas kapal seminar jakarta 15 april final

Simas kapal seminar jakarta 15 april final

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Simas kapal seminar jakarta 15 april final