May 2020 - Page 3 of 4 - JERVIS ICI LTD

Jervis Blog: Renewable Energy: Wind Power – A lesson in having proper foundations

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There have been reported continuing issues of foundation failure on wind turbines. This issue was given some focus in Højgaard A/S v E.On Climate & Renewables UK Robin Rigg East Limited and another [2017] UKSC 59, where a miscalculation in the strength of the turbines’ foundations resulted in approximately €26 m of remedial costs. In the end, despite having exercised reasonable care and skill, the contractor was found to be liable for breaching a warranty that the foundations would be “fit for purpose […]

Jervis History Blog: Era of Containerisation; First Container Ship: Ideal X

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On April 26th 1956, the Ideal-X left the Port of Newark, New Jersey to the Port Houston, Texas. It carried 58 35-feet (8 feet wide by 8 feet high) containers along with bulk cargo. The 35 feet unit represented at that time the standard truck size in the United States. This first containership was converted under the initiative of Malcom McLean (1914-2001), a trucking magnate who saw the economic advantages and potential of containerization. More than ten times cheqper, particularly in terms of loading and unloading costs. 
In 1960, McLean was the founder SeaLand, a major container […]

Jervis Insurance History Blog: Lloyd’s Register; The Early Days

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In 1786 the Society for the Registry of Shipping moved from Lloyd’s Coffee House at No. 16 Lombard Street, to No. 4 Sun Court, Cornhill. By 1797 the Register Book had 215 subscribers and the Society was run by an organising committee of 11 members. In this year the Society moved to No. 4 Castle Court, Birchin Lane. The committee updated the classification system but the changes disadvantaged ships built outside London. Protesting subscribers set up their own register called the Society of Merchants, Shipowners and Underwriters, and issued the New Register Book of Shipping for the first […]

Jervis Blog: About Control of Well Insurance

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Control of well insurance is a very specialized and unique insurance policy that is designed to cover all or some of the costs that are linked to regaining the control of an oil or gas well. This type of insurance also provides coverage for cleaning up any pollution that might occur should a blow out, re-drilling, or restoration project were to happen.
Control of well insurance is designed for companies in the oil and gas industry, with the coverage they need for any of the risks that are associated with drilling and maintaining a well. The process […]