We all know that modern aircraft are generally flown by a computer autopilot that tracks its position. Already, there is talk of replacing the co-pilot, perhaps both pilots, on cargo planes with robots or remote operators. We have also heard of progress with regard to the development of driverless cars.
But what about driverless ships? Autonomous ships are on their way.
Crewless ship technology involves controlling and piloting the ship remotely from a control centre in another part of the world. It is anticipated that within the next 5 years, the first commercial vessel to navigate itself entirely will
If you are an importer of cargo from overseas and are relying on your seller’s insurance policy to protect your cargo investment in the event of a claim, be aware!
You need to ask a number of questions:
a) What currency is the insurance in?
b) What are the insuring conditions? Is it a limited insurance cover that only pays in the event of a an accident at sea or on the road? Or, is it all risks cover intended to respond in the event of any type of unforeseen damage or loss?
c) Does the overseas policy have
The over century old Marine Insurance Act codified the practices, customs and usages of the day in relation to commercial marine contracts.
The Act is about to be reformed. Insurance buyers and their representatives welcomed the proposed changes they say will result in greater clarity for risk managers