
Refugees at Sea – what is covered and what is not?
The obligation to assist another vessel in distress can have major consequences for the shipowners involved with the rescue of migrants at sea.
While many of the costs of diversion for the shipowner can be reimbursed it is important to note that no compensation will be paid out under the P&I insurance for hire lost during the diversion. The Club is currently developing a cover, complementary to traditional P&I insurance, for such shortfall in revenue while the vessel is unable to trade.
Read the full article on page 12 in Triton No 1-2015