This guide examines the risks faced by operators of offshore support vessels, dredgers, construction and maintenance barges, salvage vessels and pipe and cable laying vessels. It is intended to help owners identify potential problem areas when bidding for offshore or specialist contracts, so that an owner and his broker can ask the right questions well in advance, enabling us to find the best insurance solutions.
The Club recognises that a vessel operator’s top priority is to get vessels on charter and keep them working safely, in order to secure a return on investment for shareholders. Sometimes advice from third party advisers may contain all sorts of legal language and restrictions, to the point where operators get frustrated and wonder if the advisers really understand their business and what they are trying to achieve. In turn, this can lead to the advice not being followed, which can have disastrous consequences.
For this reason, the Club makes every effort to get to know an operator’s business so that obstacles can be overcome in the ever-changing world of offshore contracts and maritime law.