Happy New Year 2018!

21.12.2017

This week our CEO Aleksandrs Abuzjarvos together with Riga FC Sitika's football school congratulated with a festive season young football talents in a very specific way, which made juniors surprised and extremely happy. 
During the weekly training classes in football school, us as a general sponsor of a Riga FC and namely our CEO, change his business clothes to Santa Clause costume and arrived in to the hall to play a football game with the boys, it goes without saying, that kids were astonished as they had the fortune to play his favorite sport with Santa and Lion GA and even gain a victory over those two super-heroes.
A New Year football video from the match available HERE.
After a match, Santa gave kids presents, everyone was delighted and boys promised to become great football players one day and win all the matches they would face. 
This is a charming New Year story we wanted to share with you and wish you all the joys of the season and happiness throughout the New Year 2018! 

Marine Insurance Services SIA acquired 100% shares of non-marine insurance broker Musu Dominija SIA

30.11.2017

Marine Insurance Services SIA (MIS) acquired 100% shares of non-marine insurance broker Musu Dominija SIA.
Musu Dominija SIA was established in 2006 as a non-marine insurance broker and built up an excellent reputation within Latvian insurance industry.
They are well known as specialists in motor, property, health, accident and liability insurance for commercial enterprises and private individuals. Musu Dominija SIA will become a member of Marine Services Group but will continue to operate under their traditional trademark. We know Musu Dominija SIA and their team for a long time and used their knowledge and expertise in non-marine insurance for nearly ten years.
We are happy that we can become even closer and use the unique cross-sales opportunities, which will certainly benefit our clients, especially in transport and port markets.

For further information please contact:
Marine Insurance Services SIA
Juris Zacs
+ 371 67 830 730

Musu Dominija SIA
Rihards Zvirbulis                                                                           
+371 67 878 610

We are champions in "Riga Port mini football tournament 2017"

29.10.2017

Riga Port mini football championship is an annually organized tournament, where within tight game schedule in just 1 month, 6 teams play with each other for the main championship trophy. 
Such teams as  „Riga central terminal”, „Baltic Container Terminal", „Riga Fertilizer Terminal”, „Riga Container Terminal”, "Latvijas Udens transporta arodbiedribu federacija" participate every year, but for us, Marine Services Group team it was the first time! 
We must admit that sometimes it was not easy to compete with such great teams as was our opponents but we did our best and won the trophy! Acknowledgments to the organizers and our competitors, it was a great seeing you and playing together! 

FINAL: MARINE SERVICES BEACH VOLLEYBALL CUP'17

05.09.2017

Our congratulations to the winner of Marine Services Beach Volleyball Cup 2017 -  Rigas Tirdzniecibas Osta, the team protected their champion's title the second year in a row. Also congratulations to the 2nd placeholder  - ABLV Bank and the 3rd place - GGP! Cup of Hope went to Ursus Forwarding!  
20 teams from the industry-leading companies participated all summer long to get an opportunity to participate in the beach volley Final. In total teams played Qualification game + 5 Round and the final.
On the day of the final, 12 teams which completed Round 5 in the highest positions composed Division 1, sequentially 8 less strongest teams composes Division 2,  where they competed for the "Cup of Hope" trophy. 

We thank all teams and supporters for the participation and looking forward to the tournament 2018 next summer!
Special throwback video from the Final - https://www.youtube.com/watch?v=Ojl10ITSzSM  

Ballast Water Management Convention will enter into force on 8 September 2017

05.07.2017

IMO adopted the International Convention for the Control and Management of Ships’ Ballast Water and Sediments in 2004 to prevent the spread of harmful aquatic organisms from one region to another by establishing standards and procedures for the management and control of ships’ water and sediments.
While establishing a global legislative regime to control the discharge of ballast water and, in particular, the discharge of invasive species into the sea, the BWM Convention also requires ship-owners to install management and treatment systems, as well as to train personnel to use it.
One year after ratification, on 8 September 2017, the BWM Convention will enter into force.

According to Article 3, the BWM Convention applies to all ships including submersibles, floating craft, floating platforms, FSUs and FPSOs. It will not apply to:
•    ships not designed to carry ballast water;
•    warships, naval auxiliary ships or other ships owned or operated by a state;
•    ships only on non-commercial service, or
•    ships with permanent ballast water in sealed tanks.

Also, Regulation B-3.6 provides that the requirements of ballast water management standards do not apply to ships that discharge ballast water to a reception facility.
IMO compliance schedule is based on a ship’s ballast capacity, construction date and date of her first IOPP Certificate renewal survey (after entry into force of the BWM Convention).
All ships in international traffic are required to manage their ballast water and sediments to a certain standard prescribed by the BWM Convention and according to a ship-specific Ballast Water and Sediment Management Plan (BWSMP).

According to the Annexe of the BWM Convention – Section B (Management and Control Requirements for Ships), all ships will also have to carry the following:
•    Ballast Water and Sediment Management Plan approved by the administration (Reg. B-1);
•    Ballast Water Log Book to record ballast water movements (Reg. B-2);
•    An International Ballast Water Management Certificate (Reg. E-3).
Additionally, the BWM Convention requires relevant training for the crew. This implies that once a Ballast Water Treatment System has been selected and fitted, the ship-owner must ensure that the crew are properly trained to operate it. In fact, the system may be very complex, which may include some notions of biological, chemical and physical parts. Crew training and ability to operate the system may be inspected by the Port State Control. Negative results of crew preparedness may lead to a further detailed inspection.

EU MRV Regulation 2015/757: CO2 emissions submission deadline 31 August 2017

14.06.2017

EU Regulation 2015/757 - monitoring, reporting and verification (MRV) of carbon dioxide (CO2) emissions from maritime transport entered into force on 1 July 2015.
The MRV regulation is intended to increase transparency, thus provide an incentive to ship-owners to invest in fuel-saving techniques that will reduce the ship running costs, and reduce emissions to air.

The regulation foresees that all vessels over 5,000 gross tonnages (GT) that are calling EU and EFTA (Norway and Iceland) ports, irrespective of where they are registered, have to report their CO2 emissions both on a voyage and on an annual basis. According to the latest proposal of the European Commission, the CO2 emissions need to be reported in combination with such parameters as the type of fuel used, the distance travelled, the transport work provided and the average energy efficiency of the vessel. Data collection shall take place on a per voyage basis and starts on 1 January 2018.
The aggregated ship emission and efficiency data will be published by the EC on 30 June 2019 and then every consecutive year.

The first step for ship-owners and operators in complying with the EU MRV regulation is to prepare a monitoring plan for each of their ships that fall under the scope of the regulation. The monitoring plan is subject to verification by an independent verifier and should, therefore, be submitted by 31 August 2017 at the latest. In order to determine the amount of emitted CO2, bunker fuel delivery notes, either bunker fuel tank monitoring onboard, fuel flow meters or direct emission monitoring in the stack are allowed to be used.

The most accurate and transparent CO2 emissions measurement method is based on measurements of either the fuel consumption or the actual emissions (CEMS).
Moreover, it is considered that CEMS can be used as a valuable component to increase the efficiency of ships. 

Marine Services Group sailing team is no.1 in Club regatta Sail Band Cup

30.05.2017

Congratulations to Marine Services Group sailing team and our colleagues from Moscow office with the 1st place in winning Club regatta Sail Band Cup! 
Club regatta Sail Band Cup took place earlier this month in Montenegro and is an amateur sports event organised according to the international rules of sailing competitions. 
We are proud and good luck to our team in their further races!

THE 4TH ANNUAL TOURNAMENT: MARINE SERVICES BEACH VOLLEY CUP' 17

15.05.2017

We are happy to announce that the 4th annual Marine Services Group Beach Volleyball Cup'17 will start on 7 June!
Marine Services Beach Volleyball Cup is annually organized and sponsored by Marine Services Group sporting activity in Riga, where the shipping, logistic, forwarding and other related industry companies participate in a beach volleyball tournament, with a purpose to maintain business relations and communication within the industry in a healthful atmosphere.
Formally, each team will consist of 3 players, the main condition is that all players are employees of the represented company. The tournament will consist of 5 rounds and any team will have the opportunity to improve their skills during the season to play in the premier league for the main trophy in the final.
This year 20 corporate teams will compete all summer long with an aim to win the main tournament trophy.
Participants in 2017: Rigas Centralais terminls, Atlas Logistics, Ursus Forwarding, ABLV Bank, Systems Logistics, Elko, Mooncom, Jaunzeltini, Riga Football Club, Astramar, Euroimpex, ArfiLine, Marine Services Group, GGP, FTL Logistics, Sonora, Alpha Shipping, Estma, Rigas Tirdzniecibas osta, KL Shipping.

All updates available on our corporate Facebook account. 
A throwback video to the last year tournament is available HERE!

CERTIFICATE OF AIRCRAFT LIABILITY INSURANCE IS NOT ONLY A SHEET OF PAPER ON BOARD

16.04.2017

Probably MTPL insurance (Motor Third Party Liability) is not something new for you if you own a vehicle, otherwise you will not be able to participate road traffic. Likewise, as it is compulsory for road vehicles, civil aircraft owners and operators must insure their aircraft liability as well if they want to use civil airspace. Whenever you operate a small ultralight aircraft or a big commercial airline, aircraft`s legal liability insurance is a mandatory requirement stipulated by the law every aircraft operator must have in order to receive a permit for flying. This is not only a paper on board with a title «Certificate of Insurance», as a matter of fact, this is a very important document to protect your legal interests against third parties. Is it really clear what this insurance is for and is there any difference between liability policies?

Coverage
According to the law, air operators who perform their activities in civil airspace must insure liability for damages caused to a third person (or the property of such person) by an aircraft in flight or any objects separated therefrom and caused to a passenger, his or her property, or the baggage or cargo of a consignor. Respectively a typical aircraft legal liability insurance consists of two sections:
External to the aircraft: liability to third parties or commonly known as Third Party Legal Liability Insurance (TPLL), covering aircraft owners and operators for damage that their aircraft does to THIRD PARTY (death/bodily injury/property damage) OUTSIDE the aircraft.
Internal to the aircraft: liability to passengers or commonly known as Passenger Legal Liability Insurance (PLL), covering aircraft owners/operators for damage that their aircraft does to PASSENGER (death/bodily injury/property damage) INSIDE the aircraft. Passenger liability normally includes damage to property and personal articles.
Nevertheless, standard aircraft liability policy excludes any war cover, Article 7.1 of European Regulation No. 785/2004 indicates that every operator is required to insure risks of war or terrorism (that’s an indispensable part of cover in addition to standard policy). A typical market solution is to add Extended Coverage Endorsement (known as Clause AVN 52E) which actually writes back War, Hi-Jacking and Other Perils Exclusion Clause AVN 48B frequently incorporated into standard conditions of cover.
A very important part of legal liability insurance is legal costs and expenses that can be either included within aggregate limits selected or payable in addition to limits insured. In the same way, it`s good to remember that adjusting a claim and arranging full legal protection in courts might cost way more than potential amount of claim, but without proper legal actions, it is almost impossible to determine a level of responsibility in the insurance event.  

Liability to cargo
In addition, it should be noted that liability in respect of cargo should not be less than SDR 19 per one kilo for commercial air freight forwarding operations. When adapting insurance conditions for cargo carriage, it is common to use special extension known as AVN 92 or Cargo Legal Liability Endorsement in order to extend legal liability in respect of accidental physical loss of or damage to cargo carried by air.
Commercial airlines usually use one of the standard international conventions when limiting and regulating their contractual liability, subject to all international carriage of persons, luggage or goods performed by aircraft for reward:
either Convention for the Unification of Certain Rules Relating to International Carriage by Air, signed at Warsaw on 12th October 1929 (commonly known as Warsaw Convention 1929);
and/or Convention for the Unification of Certain Rules for International Carriage by Air, signed at Montreal on 28th May 1999 (commonly known as Montreal Convention 1999).

Minimum limits according to European regulation
Minimum requirements for aircraft legal liability insurance in the European Union are stipulated in European Regulation (EC) No. 785/2004 issued by the European Parliament on 21st April 2014 and amended by Regulation 285/2010 on 6th April 2010. This regulation is applicable to all aircraft with MTOW more than 20 kilo for flying within, into, out of, or over the territory of any member state of European Union and including its territorial waters. However, at the same time there are couple exclusions to the smallest types of aircraft, e.g., the Regulation will apply to aircraft with MTOW of less than 500 kilos, which are used for non-commercial purposes or are used for local flight instruction which doesn`t entail the crossing of international borders (unless not conflicting with local regulation of the member state where aircraft operates).

Insurance in respect of liability for third parties
The minimum limit is calculated out of maximum take-off weight of aircraft that is classified in ten categories according to Regulation. For example, ultralight type aircraft with MTOW less than 500 kilos are fitting the first category and therefore minimum insurance limit should be SDR 750,000 per accident, though commercial aircraft with MTOW between 25,000 and 50,000 kilos are classified in the seventh category, so minimum limit would end with SDR 150mln per accident.

Insurance in respect of liability for passengers, their baggage, and cargo
Minimum fixed limit each passenger is SDR 250,000 (exception is an aircraft with MTOW of 2,700 kilos or less that are used only for non-commercial operations, in this case, each member country can set a lower limit unless it's at least SDR 100,000 or more per passenger). Liability for baggage can`t be lower than SDR 1,131 per passenger, but for cargo not less than SDR 19 per kilo in commercial operations.

Example, for turboprop Piper PA-46-500TP Meridian aircraft with MTOW 2,312 kilo and maximum of 5 passenger seat minimum limit for third party liability (TPLL) should be SDR 3,000,000 according to Category 3 of Article 7 of EC 785/2004 and minimum limit for passenger liability (PLL) should be at least SDR 1,250,000 (SDR 250,000/pax x 5pax), plus limit in respect of baggage liability for all possible passengers on board should be SDR 5,655 (SDR 1,131/pax x 5pax). Accordingly, total minimum limit required for Piper PA-46-500TP Meridian would be not less than SDR 4,255,655. Or alternatively, would suggest selecting combined single limit of EUR 6mln that would be quite enough to fit minimum legal requirements.

More information about EU legislation available in The Official Journal of the European Union (online portal EUR-Lex):
Regulation (EC) No. 785/2004 of The European Parliament and of the Council of 21st April 2004 on insurance requirements for air carriers and aircraft operators.
Commission Regulation (EU) No. 285/2010 of 6th April 2010 amending Regulation (EC) No. 785/2004 of The European Parliament and of the Council of 21st April 2004 on insurance requirements for air carriers and aircraft operators.

Criteria affecting liability insurance premium
The premium is normally a flat amount based on factors such as the liability limit selected, aircraft maximum take-off weight, the maximum number of passengers carried out at any one time, pilots flying the aircraft, the approved use and previous loss history.

Combined Single Limit (CSL)
CSL coverage combines public liability and passenger liability coverage into a single coverage with a single overall limit per accident. This type of coverage provides more flexibility in paying claims for liability, especially if passengers are injured, but little damage is done to third party property on the ground. Combined limit is usually more expensive comparing to the separated limit between third parties and passengers, such rise is due to benefits combined limit is more flexible with.

2ND ANNUAL GALA DINNER IN RIGA GATHERED TOGETHER MORE THAN 180 SHIPOWNERS

11.05.2017

Riga Shipping Dinner 2017 - the events for shipowners, shipping industry executives, and companies related to marine business took place on 27 -28 April in Riga for the second time.

With a purpose to continue to development and strengthen business relations in the shipping industry.  
The annual gala dinner is organised and curated by Marine Services Group and supported by ABLV Bank as the general sponsor and the arranger of the seminar for shipowners.

The events started with a specialised seminar for shipowners, where most current industry topics were overviewed. Gala dinner at the restaurant Biblioteka No.1 and with the selected menu from chef Maris Jansons for our guests continued the evening.
During the evening amusing entertainment program was prepared - cigar terrace, lottery, show performance from the magician "Magic Fox" and his Kakadu and Ara.
Musical accompaniment of the night was a group "Pienenu Vins" with an orchestra, which gained the award from "The Academia Music Award" in Los Angeles recently.
On 28 April participants had a chance to attend “Marine Services Group Beer Afternoon” at the “Aldaris” beer factory/museum.
This year event gathered more than 180 shipping industry representatives, from 95 companies and 18 countries.

Riga Shipping Dinner becomes an attractive shipping business communication platform and a premier opportunity to meet shipowners and top-level executives all at once in Riga.
We thank our guest for coming and see you next year, at the event where the shipping industry meets – Riga Shipping Dinner 2018!
Photos from the event available on Marine Services Group Facebook account.  

2ND ANNUAL GALA DINNER IN RIGA GATHERED TOGETHER MORE THAN 180 SHIPOWNERS

11.05.2017

Riga Shipping Dinner 2017 - the events for shipowners, shipping industry executives, and companies related to marine business took place on 27 -28 April in Riga for the second time.

With a purpose to continue to development and strengthen business relations in the shipping industry.  
The annual gala dinner is organised and curated by Marine Services Group and supported by ABLV Bank as the general sponsor and the arranger of the seminar for shipowners.

The events started with a specialised seminar for shipowners, where most current industry topics were overviewed. Gala dinner at the restaurant Biblioteka No.1 and with the selected menu from chef Maris Jansons for our guests continued the evening.
During the evening amusing entertainment program was prepared - cigar terrace, lottery, show performance from the magician "Magic Fox" and his Kakadu and Ara.
Musical accompaniment of the night was a group "Pienenu Vins" with an orchestra, which gained the award from "The Academia Music Award" in Los Angeles recently.
On 28 April participants had a chance to attend “Marine Services Group Beer Afternoon” at the “Aldaris” beer factory/museum.
This year event gathered more than 180 shipping industry representatives, from 95 companies and 18 countries.

Riga Shipping Dinner becomes an attractive shipping business communication platform and a premier opportunity to meet shipowners and top-level executives all at once in Riga.
We thank our guest for coming and see you next year, at the event where the shipping industry meets – Riga Shipping Dinner 2018!
Photos from the event available on Marine Services Group Facebook account.  

MARINE SERVICES GROUP BECOMES A GENERAL SPONSOR OF RIGA FOOTBALL CLUB

06.03.2017

We are pleased to make a special announcement!
Marine Services Group has become a general sponsor of the ambitious Riga Football Club.

This season Riga FC is targeting to become one of the favourites for both Latvian Top Division and Latvian National Cup. We hope that this year will not only bring our team silverware, but Riga FC will also participate in one of the UEFA Cups.

On March 8, three days before Latvian Championship is kicking off, Riga FC is organising a press conference, where the audience will be informed about current year's plans and targets, Aleksandrs Abuzjarovs, CEO of Marine Services Group, will also give a short speech on our long-term cooperation with Riga FC.

Good luck to the team, we're keeping fingers crossed! 
More information on Riga Football Club www.rigafc.lv/ 

Riga Shipping dinner 2017

27.02.2017

It is our great pleasure to announce that the 2nd annual event Riga Shipping Dinner 2017 will be held on 27 April.
Marine Services Group as an event's founder and curator jointly with the ABLV Bank as the general sponsor and arranger of the seminar will group in Riga shipowners and shipping business executives from all across the region. The occasion for the formal and informal atmosphere to be created to address the latest marine industry and financial topics of great interest to shipowners.

Riga Shipping Dinner 2017 will start with informative seminar program for the delegates. Based on positive feedback from the previous year this year we are expanding our seminar program and have invited some leading industry guest speakers, a traditional wine session in a pleasant atmosphere is also foreseen.
In the evening, our dear guests will be cordially welcomed at the shipping gala dinner in one of the best restaurants of Riga. As always, we have well prepared evening programme with the selected food and beverages, lottery, specially invited musicians and memorable performance show. 

Riga Shipping Dinner becomes an attractive shipping business communication platform and a premier opportunity to meet shipowners and top-level executives from more than 60 companies and more than 10 countries! 
Certainly, the year 2017 will not be an exception — more companies, more countries, more businesses, more joy.

Riga Shipping Dinner 2017

27.02.2017

It is our great pleasure to announce that the 2nd annual event Riga Shipping Dinner 2017 will be held on 27 April.
Marine Services Group as an event's founder and curator jointly with the ABLV Bank as the general sponsor and arranger of the seminar will group in Riga shipowners and shipping business executives from all across the region. The occasion for the formal and informal atmosphere to be created to address the latest marine industry and financial topics of great interest to shipowners.

Riga Shipping Dinner 2017 will start with informative seminar program for the delegates. Based on positive feedback from the previous year this year we are expanding our seminar program and have invited some leading industry guest speakers, a traditional wine session in a pleasant atmosphere is also foreseen.
In the evening, our dear guests will be cordially welcomed at the shipping gala dinner in one of the best restaurants of Riga. As always, we have well prepared evening programme with the selected food and beverages, lottery, specially invited musicians and memorable performance show. 

Riga Shipping Dinner becomes an attractive shipping business communication platform and a premier opportunity to meet shipowners and top-level executives from more than 60 companies and more than 10 countries! 
Certainly, the year 2017 will not be an exception — more companies, more countries, more businesses, more joy.

Amendments to the Code of the Maritime Labour Convention

21.12.2016

In 2014 at the 103rd International Labour Conference, Amendments to the Code of the Maritime Labour Convention (MLC, 2006) were adopted. It was two year` consultation period, within which all member states had an opportunity to express their formal disagreement to the Amendments.  In case there would be such a disagreement expressed by at least 40% of the member states, representing at least 40% of the world`s tonnage, the Amendments would not enter into the force. However, it is known that only two Governments expressed their willingness not to be bounded by new amendments, consequently, the Amendments to the Code of the Maritime Labour Convention will enter into force on 18 January 2017.

From 18 January 2017, all vessels that are subject to the MLC will be required to carry onboard two certificates (issued by an Insurer or any other financial security provider) confirming that insurance or financial security is in place as required under:
1) Regulation 2.5.2, Standard A2.5.2 of the MLC 2006 as amended. Shipowner`s liabilities for repatriation of a crew member, including food, accommodation, medical costs, wages (up to 4 months outstanding contractual wages) and other expenses reasonably incurred in the event of abandonment.
2) Regulation 4.2, Standard A4.2 paragraph 1(b) of the MLC 2006 as amended. Contractual payment for death or long-term disability of seafarers due to an occupational injury, illness or hazard, as set out in the seafarer`s employment agreement or collective agreement.

A vessel is subject to the MLC if she is registered in a state, where the MLC is in force (full list available here: http://www.ilo.org/global/standards/maritime-labour-convention/database-ratification-implementation/lang--en/index.htm), or calling at a port in a jurisdiction where MLC is in force.
P&I Clubs and some maritime insurance providers have already released the respective Certificates. These are released in PDF format for each vessel with wording similar to the "blue cards". The Certificates should be placed in a conspicuous place on board, where they are available to the seafarers. It should be noted, that conversely to the blue cards, the Certificates are not issued by the Flag States. Though, some Flag States may require Shipowners to provide the relevant authority with a copy of it.

We are pleased to confirm that Marine Services Group Shipowner`s Departments have been in touch with P&I Clubs and maritime insurance providers in order to supply our clients with the confirmation that their P&I insurance is in line with the respective Amendments.

SPECIAL EVENT IN VLADIVOSTOK: THE YACHT, BOAT, SHIP: HOW TO PURCHASE AND protect

20.10.2016

On 21 October, Marine Services Group office in Vladivostok is organizing a special event for the shipowners and yacht-owners. 
The event "The yacht, boat, ship: how to purchase and protect" will start in the afternoon and with a leading 4 headspeakers will gather more than 50 company top-level representatives from the maritime industry. The aim of the event is to collaborate and speak about the hot topics and trends and most common issues for the shipowners and yacht-owners from the insurance and legal perspective. 


The event will start with the industry expert speaker's presentation program and will cover most current industry subjects:
- Theme 1: "Specialties of the international shipsale & purchase by Russian companies", speaker Alen Andranikovic, managing partner OOO "Pravovoy Element".
- Theme 2: "Ship's co-insurance - myths and realities", speaker Aleksander Abuzjarov, CEO of the insurance agency "Marine Underwriting Services".
-Theme 3: "Insurance broker - its role in the conclusion of the marine insurance contract and in the settlement of losses", speaker Konstantin Rogach, marine insurance partner in Marine Services Group Moscow office.
- Theme 4: "Specifics of the purchase of yachts and boats in Primorsky Krai", speaker Aleksander Palchikov, director "AVA Trade".

After an official part of the event, a furshet is foreseen with conversations in a relaxed ambiance.
For more event details and/or to request a seat, please contact us info@marineservices.ru

Odessa office: seminar series in October

29.09.2016

Odessa autumn seminar series continues on October 4 and 5 we have scheduled two seminars! 
If you would like to attend one of our seminars please send us your request at info@marineservices.lv
Places are limited. 

October 4, 2016, from 18.30-20.30
Seminar 3: "Charterer, what is your risk?"
Seminar questions:
• Consideration of the case studies.
• Risks and their nature. 

October 5, 2016, from 18.30-20.30
Seminar 4: "The responsibility of logistics companies - - myths and realities."
Seminar questions:
• Discussion of the various case studies.
• Who, what and when is responsible and to the what extent.
• The relationship between the parties - regulations in the international transportation.

Adress: Henuezka Street, 24B, Odessa, Ukraine 
 

 

Seminar Series in Odessa 2016-2017

01.09.2016

We are looking forward to welcoming you at the Marine Services Group Autumn seminar and the workshop sessions in our office in Odessa!
As many of our clients and partners are aware we started our tailored seminar series in Odessa in Autumn 2015 - the first cycle ended in June 2016, and now we ready to continue with the second cycle series 2016-2017. As before the Seminar series will be held on a regular basis  once or more times per month and will be interesting for both - industry professionals and for those who just started to acquire a deep understanding of the specified topics.

We start our Autumn series on 6 September with the seminar: "The role of the insurance broker to your business" where we will discuss the following: 
• What is the insurance contract;
• Who protects whose interests;
• What are the strengths of a specialized insurer;
• Who are the Marine Services Group and why we are with you all along the way?

On 7 September we'll hold our second seminar: "Expanding insurance coverage for the cargo insurance " and will look through: 
• The basic types of coverage and standard exceptions;
• Standard extensions available in the insurance market but are excluded from the standard insurance cover;
• Not a standard extensions tailored for you, where we'll share the experiences on additional hidden stones in the insurance coverage; 
• Additional extensions that will make your sleep calmer.


Seminars info: 
The address: 24 B Genuezskaya Street, Odessa, Ukraine
Starting time: 18:30
Participation fee: not foreseen 
Registration: please contact us directly info@marineservices.lv

To follow the latest updates on our Seminars and other news keep following us on our social networks Facebook and Linkedin.

 

Marine Services Beach Volley Cup'16 Results

29.08.2016

This summer was not the exception for our annual Marine Services Beach Volley Cup tournament. All summer long every second Wednesday of the month 20 teams competed for the chance to play in the Final for the main trophy.
All started 3 years ago when Marines Services Group decided to sponsor and organize the beach volley tournament for marine, logistics, and port type of companies in Latvia with an aim to maintain dialog within an industry in an informal atmosphere. The interest and the popularity of the tournament are growing with every year and since 2014 the team count doubled. 
This year after the Qualification games and 4 Rounds, the 24 August was dedicated to the Final - where top 10 teams played in the Superfinal for the champion's title, the less strong ten teams played for the Cup of Hope trophy! 
The final was ambitious and in tight competition, the champion of 2016 became Riga Commercial Port, 2nd place went to Elko Group team 1, 3rd place to G.G.P.
The Cup of Hope 2016 went to Ursus Forwarding. Congratulations! 

We cordially thank all participants and supporters from Elko Group, ABLV, G.G.P., Alpha Shipping Co., Riga Commercial Port, Marine Services Group, Tschudi Logistics, System Logistics, Arfiline, Ursus Forwarding, KL Shipping, Atlas Logistics, Riga Central Terminal, Astramar Transport, Jaunzeltini, FTL Logistics, Euroimpex, Quinto Logistics.
Photos and video are yet to come! 
We are looking forward to increasing the number of participants in the following years of our tournament! Let us know if you would like to step aboard of our beach volley tournament in 2017. 

Exclusive twin trimarans built in Riga

18.07.2016

We have some great news from Riga! 
One of the twin trimarans left Latitude Yachts shipyard in Riga towards his owner - as built for the Middle East market.
"Galaxy" and "Galaxy of Happiness" are two twin exclusive trimarans with the length of 53.32m and width 17.44 m each. The two engines of the trimaran with a total capacity of 5200 hp can reach a speed much higher than 28 knots! 
Our partner Marine Underwriting Services provided shipbuilding risk insurance for both twins. 
We wish both yachts to have Fair Winds and Following Seas and further success to the #LatitudeYachts!

 

Marine Services group at the Maritime Days 2016

24.05.2016

Marine Services Group is supporting Maritime Days in Odessa 2016 by becoming a General Sponsor of the Annual Odessa Shipping Dinner 2016!
All events in Odessa will start with the 2 days Grain Forum 2016 conference from 26-27 May. Where on 26 May from 12:30-14:00, Marine Services Group will be holding a seminar for all conference delegates. As many companies in Odessa are already familiar with the monthly seminars and informal debates in our representative office in Odessa, this time, we will make the seminar open to everyone.
From our headquarters in Riga, Latvia we will be visiting the conference in Odessa with our top executives and highest-level experts to talk about the most topical and tricky issues of the cargo, marine, transportation insurance in respect to grain export.

Marine Services Group seminar 
Topic: Grain exports: cargo and marine insurance
Program: Part I: Claims Study; Part 2: Charterers’ Liability; Part 3: Cargo Insurance. 
+ Blitz questionnaires with the prizes!
Date: Wednesday, 26 May 2016
Time: 12.30 p.m. – 14.00 p.m.
Location: Business-hall (just in front of the registration desk); Hotel Black Sea, Shevchenko Park, 1/20 Marazlievskaya Street

On 27 May we as a General Sponsor of the Annual Odessa Shipping Dinner 2016 will welcome the guests at the one of the most picturesque places of Odessa - Otrada Beach Club, 1A Azarova Street.
The events will be closed by the regular Football tournament 'Odessa Shipping Cup 2016' at the FC "Chernomorets" training base, 1A Azarova Street.
The Grain Forum & Maritime Days in Odessa 2016 is the largest international event of the grain and maritime industry in Black Sea region. The Conference in Odessa offers a variety of events in one place at the same time. More detailed event program can be viewed by clicking the link HERE.

We are looking forward to meeting our dear old and new friends, clients, partners and guests in Odessa shortly! 

RIGA SHIPPING DINNER 2016 EVENT Gathers shipowners

06.05.2016

On 28-29 April 2016, the Riga Shipping Dinner event gathered  together 130 guests - shipowners and shipping industry representatives of such countries as Latvia, Lithuania, Estonia, Ukraine, Russia, Israel, Sweden, Denmark, Germany and Austria for the first time in Riga! 

Marines Services Group as founder and organizer and with a support of the event's general sponsor ABLV Bank held the tremendous shipping industry events for the shipowners and the top-level executives. 
The Riga Shipping Dinner 2016 events started with the specialized ABLV Bank seminar on financing opportunities for the shipowners. During the seminar Marine Services Group presented a topic on the ship insurance requirements.
The central event was the Gala Dinner in one of the best and most elegant restaurants in Riga - Biblioteka no.1.
For our dear guests, we also arranged a great night performance program from Intars Busulis and his orchestra, Brazilian samba dancers and valuable lottery. 
On 29 April 2016, the guest had an opportunity to participate in a Riga Shipping Dinner Curling tournament, sponsored by Riga Shipyard.
Official photo gallery from the Riga Shipping Dinner 2016 can be viewed HERE 
All these things just supplemented and fulfilled the main objective of the event - to meet the shipping industry decision-making representatives at one place and in informal atmosphere discuss current industry matters and business development opportunities. 
Looking forward to welcoming you in the next year!

Marine Service Group Brand is the winner - THE BEST TRADEMARK OF THE YEAR

06.05.2016

On 26 April 2016 in Riga, Marine Services Group brand was awarded as the best trademark of the year 2015 in Latvia in the annually organized competition “Trademark of the year’’ by the Latvian Patent Office and the Latvian Chamber of Commerce and Industry.
83 registered trademarks registered in Latvia in 2015 competed in two nominations - "The trademark - to the world" and "The trademark – to the Latvia". In this highly competitive trademark completion, our logotype Marine Services Group won the first place in the category with the world meaning, what means that we are an international organization, which brings and promotes Latvian identity also outside the Latvian borders.   
The winners were determined by the open public voting in the web portal of the organizer together with the profession jury committee. 
In respect to our trademark, we have a meaningful story behind the visuals of the logo, the history of our logo symbol – the blue waves encounter a history of more than 12 years and was created in Latvia, while the rebranding was prepared by the well know London-based design studios in 2015. The rebranding was needed after a formal merger of the 4 group companies when the Marine Insurance Services, Marine Legal Services, Marine Shipsale Services and Inter Survey came under one brand and meaning with the single visual expression and today known as the logo of Marine Services Group.

We are proud and honored by receiving this significant and important award, and thank everyone who supported us!

Riga Shipping Dinner 2016 event gathered together shipowners

02.05.2016

On 28-29 April 2016, the Riga Shipping Dinner event gathered  together 130 guests - shipowners and shipping industry representatives of such countries as Latvia, Lithuania, Estonia, Ukraine, Russia, Israel, Sweden, Denmark, Germany and Austria for the first time in Riga! 

Marines Services Group as founder and organizer and with a support of the event's general sponsor ABLV Bank held the tremendous shipping industry events for the shipowners and the top-level executives. 
The Riga Shipping Dinner 2016 events started with the specialized ABLV Bank seminar on financing opportunities for the shipowners. During the seminar Marine Services Group presented a topic on the ship insurance requirements.
The central event was the Gala Dinner in one of the best and most elegant restaurants in Riga - Biblioteka no.1.
For our dear guests, we also arranged a great night performance program from Intars Busulis and his orchestra, Brazilian samba dancers and valuable lottery. 
On 29 April 2016, the guest had an opportunity to participate in a Riga Shipping Dinner Curling tournament, sponsored by Riga Shipyard.
All these things just supplemented and fulfilled the main objective of the event - to meet the shipping industry decision-making representatives at one place and in informal atmosphere discuss current industry matters and business development opportunities. 
Looking forward to welcoming you in the next year!

Seminar in Moscow on Marine Insurance Act 2015 for the Russian Insurers

22.03.2016

The seminar for the Russian Insurers on Marine Insurance Act 2015 changes will take place in Moscow and will touch upon the role of a broker in arranging placement of risks and claims handling.
We are pleased to announce that on 24 March 2016 we are holding a specialized seminar in Moscow for the Russian market insurers jointly with the UK law firm Kennedys Law LLP. The seminar will be dedicated to the issues of changes in the English maritime law (Marine Insurance Act 2015) which will become legally binding on 12 August 2016 and the role of a broker in marine insurance placements.

This event will cover such topics as:
1)    The role of a broker in marine insurance contract placement.
2)    The special features of co-insurance and the main changes in the English maritime law in respect of the
       obligations of good faith (duty of good faith).
3)    The broker’s role in claim handling and loss settlement.
4)    The main changes in the English insurance legislation in respect of warranty/ties.
5)    The questions of keeping successful workflow with the Insurers on subrogation claims under English law.

We are also going to look through and discuss other professional issues which are very important for the marine insurance business society today.
 

Summary of the 2nd seminar in Odessa on cargo insurance coverage

07.03.2016

On 2 March 2016,  Marine Services Group jointly with our Ukrainian partner Interlegal held the seminar in Odessa. This was the 2nd seminar in 2016 from the seminar cycle on cargo insurance, where our experts presented a tailored workshop - presentation on the exceptions and possibilities of the cargo insurance coverage extension. 

During the seminar, we covered all the aspects of the cargo insurance coverage extension - looked through cases where certain possibilities and exceptions could be applicable and answered on the specific questions of our seminar delegates, after we devoted a time for a coffee and in an informal atmosphere enjoyed the rest of the evening together with our guests.
We thank everyone who joined the seminar! Our 3rd seminar in Odessa to be held at the beginning of April, seminar theme and date to be announced shortly. 

Riga Shipping Dinner 2016

29.02.2016

Marine Services Group proudly presents the Riga Shipping Dinner 2016 event. 
Since 2016 Riga Shipping Dinner will be an annually organized by Marine Services Group and together with the general sponsor ABLV Bank an exclusive shipping industry event for the shipowners and the top-level executives. 
During two consecutive days 28-29 April 2016, we'll be gathering in Riga top company representatives from the region to maintain professional contacts and develop business relations with the company owners and executives, discuss and create dialogue within the shipping industry.

The two-day event in Riga will start with the ABLV seminar on financing opportunities for the shipping industry. The shipping dinner will be the central event and will be held in one of the fanciest restaurants of Riga, with the Chef's special menu and an amazing entertainment program. 

On the second day, our guests will have the opportunity to participate in Riga Shipping Dinner Curling Cup 2016 tournament - sponsored by Riga Shipyard.  

Riga Shipping Dinner – the event where the shipping industry meets.
More information to follow shortly ...

 

 

The office in Moscow is now open for your convenience

26.07.2015

We are proud to inform you that in August 2015 our Partners in Russia finalized the registration procedure of Marine Services Group Russia – an independent company and a part of the Marine Services Group family. The company was incorporated as an insurance broker and since then office in Moscow is officially opened.
The office is situated in a nice and “very marine” location – Royal Yachts Club, the only marina inside Moscow, surrounded by yachts, beaches and Moscow Channel, the address is Leningradskoye shosse 39, building 6.
We welcome our Russian friends to MSG family and wish them luck in their new venture, we sincerely hope that having such a strong and professional partner will be a substantial benefit for MSG.
Russian version of the website will follow soon.
For more details please refer to the contact section of our website and let us now if you would like us to get in touch or assist you.

Marine Services Beach Volleyball Cup 2016

10.05.2016

Marine Services Group invites you to participate in the 3rd Season of Marine Services Beach Volleyball Cup 2016!
Marine Services Beach Volleyball Cup is annually organized and sponsored by Marine Services Group sporting activity in Riga, where the local shipping, logistic, forwarding and other related industry companies participate in a beach volleyball tournament, with a purpose to maintain business relations and communication within the industry in a healthful atmosphere.
Formally, each team will consist of 3 players, the main condition is that all players are employees of the represented company. The tournament will consist of 6 rounds and any team will have the opportunity to improve their skills during the season to play in the premier league for the main trophy in the final. 
A throwback video to the last year tournament is HERE!
We are growing and our tournament is becoming must to visit sporting activity of many companies - this year we are looking forward to welcome on board about 20 teams!

Marine Services Beach Volleyball Cup 2016 schedule:

1 Round

2 Round

3 Round

4 Round

5 Round

6 Round

Final

01.06.2016

15.06.2016

29.06.2016

13.07.2016

27.07.2016

10.08.2016

24.08.2016

18:30 - 21:30

18:30 - 21:30

18:30 - 21:30

18:30 - 21:30

18:30 - 21:30

18:30 - 21:30

18:30 - 21:30

Detailed rules and regalement to be sent for each team after application.
Let us know if you would like to participate in Marine Services Beach Volleyball Cup 2016 by contacting us via e-mail: info@marineservices.lv.
 

 

SOLAS GUIDELINES REVIEW

19.02.2016

The International Convention for Safety of Life at Sea (SOLAS) will become legally binding on 1 July 2016, which sets out certain mandatory requirements for shippers on container gross mass verification, the changes were adopted by the IMO's Maritime Safety Committee (MSC) in 2014.
These changes are applicable to construction, equipment and operational practices between the parties in the international supply chain involved, in regards to the movement of containers by sea, to ensure  the safety of the ship, the safety of workers both aboard ships and ashore, the safety of the cargo and overall safety at sea.
Henceforth the presentation of cargo are fundamental, without a verified gross mass, the packed container shall not be loaded aboard ship.

Fundamental principles under the SOLAS requirements*
1. Before a packed container can be loaded onto a ship, its weight must be determined through weighing. It is a violation of SOLAS to load a packed container aboard a vessel to which SOLAS applies without a proper weight verification. There is no exception to this requirement.
2. Under the SOLAS amendments, there are two permissible methods for weighing: Method 1, which requires weighing the container after it has been packed, or Method 2, which requires weighing all the cargo and contents of the container and adding those weights to the container’s tare weight as indicated on the door end of the container.
3. Estimating weight is not permitted. The shipper (or by arrangement of the shipper, a third party) has a responsibility to weigh the packed container or to weigh its contents. Under either Method, the weighing equipment used must meet national certification and calibration requirements. Further, the party packing the container cannot use the weight somebody else has provided, except in one specific set of defined circumstances.
4. A carrier may rely on a shipper’s signed weight verification to be accurate. The carrier does not need to be a “verifier” of the shipper’s weight verification. Nor do the SOLAS amendments require a carrier to verify that a shipper providing a verified weight according to Method 2 has used a method which has been certified and approved by the competent authority of the jurisdiction in which the packing and sealing of the container was completed. However, it is important to note that, for the shipper’s weight verification to be compliant with the SOLAS requirement, it must be “signed”, meaning a specific person representing the shipper is named and identified as having verified the accuracy of the weight calculation on behalf of the shipper.
5. The lack of a signed shipper weight verification can be remedied by weighing the packed container at the port. If the marine terminal does not have equipment to weigh the container and provide a verified weight, alternative means must be found to obtain a verified container weight; otherwise, the packed container may not be loaded on to the ship.
6. When a marine terminal receives a packed export container that does not have a signed shipper weight verification, there will need to be processes in place at the terminal for obtaining the weight of such containers and using such weights in the vessel stow plan. Terminals and carriers will need to agree on how these situations will be handled.
7. If a packed container is weighed at the load port, that weight is to be used for vessel stow planning.
8. Vessel stow plans should use verified weights for all packed containers loaded on board.

 *Source: http://www.worldshipping.org
MSC.1-Circ.1476_-_Amendments_to_EmS_Guide
SOLAS_CHAPTER_VI_Regulation_2_Paragraphs_4-6

Upcoming seminars 2016 in Odessa

06.01.2016

The 2015 was the first year we introduced the mini seminar sessions for the Ukrainian market clients and other interested industry professionals. Starting from September, once per month, we presented a tailor made presentations for the ports, terminals, expeditors, cargo and shipping industry companies in Odessa.

The following topics were covered during the seminars in 2015:
- Why does the broker, not the insurance company or its agent.
- The liability of the logistic companies - myths and realities.
- Liability insurance of the logistic companies.
The 4th seminar in 2015 was held on December 9, where we reviewed all topics in case study format. After we devoted our usual coffee time to taste traditional Latvian Christmas snacks.
Based on positive feedback from our attendees, we assert that the conducted seminars and topics are pending matter for the most of the seminar visitors.
In addition, the constant increase in the number of participants in the seminars confirms our intention to continue our Odessa seminar sessions also in 2016.

You are welcome to participate in the upcoming 3 workshop sessions on cargo insurance in Odessa:
- The standard risks covered and the specific insurance coverage - February 3, 2016.
- Exceptions and possibilities of expanding the insurance coverage - a workshop to be held in March 2016.
- The procedure and nuances in the insurance contract - a workshop to be held in April 2016.

An opportunity to apply for the individual company seminars, where Marine Services Group experts would present predefined topics exclusively for your company needs is also now a possibility for you. 
For the upcoming dates of the seminars stay informed by following our company profile on Facebook and in the News section of our website.

We thank everyone for joining us and invite you to express the interest on other topics related to the marine, transport and aviation business, which you would like us to cover during the year 2016. Your queries and suggestions are accepted in any form.

HAPPY New year!

23.12.2015

Dear clients, partners and friends!
We are truly grateful and thank you for your trust, continuous loyalty and your business. We wish you successful, prosperous and Happy New Year 2016!  

Last Seminar in 2015 in Odessa

23.11.2015

4th and the last seminar in 2015 for the Ukrainian market companies will take place on December 9 in Odessa.
This time we'll focus and guide you through the tricky case studies common to your business and present best available solutions. As always, we’ll be looking forward to meet you in the traditional informal discussion part with the snacks and coffee. 
Attendance is for free, but the places are limited.
Please apply by e-mail: info@marineservices.lv

 

3rd seminar in Odessa for the Logistic companies

03.11.2015

3rd seminar session in Odessa will be held on November 18, 2015. 
Seminar session theme: Liability insurance for logistics companies: traditional solutions, pitfalls and possibilities of the insurance market.
Entrance is free but the places are limited. Please feel free to express you interest and attendance by using the e-mail info@marineservices.lv. 

 

Survey services CASE STUDY - CARGO DAMAGE

29.10.2015

Situation:
A vessel was carrying a cargo of fresh melons in the carrier’s reefer trailer by road from Spain to Latvia.
 
The problem:
By the time carrier arrived to designated place for the discharging the consignee disclosed that the cargo is not in an appropriate condition, fruits was warm and soft, the temperature inside the truck was highly exceeding admissible. Cargo consignee refused to accept the cargo and issued cargo rejection statement to the carrier.
 
Action taken:
We were advised on the incident. Immediately, we liaised with the claimant, supported the carrier with the advice and consultation, and proposed possible solution for the minimization of the loss.
As we do have our own in-house 24/7 Claims management department and Survey services, it took about an hour after we received a call from a client to operatively assess the cargo condition and investigation on the cargo damage cause. 
Simultaneously we arranged the short-term cooling warehouse where cargo could be stored from carrier’s trailer and kept for short-term storage.
Consequently, our Survey procedure followed: 1) we interviewed the driver; 2) we assessed the trailer’s reefer temperature records; 3) we investigated the voyage duration; 4) we reviewed a cargo loading conditions and precooling actions at shipment point.
Our surveyor collected samples and arranged an independent laboratory testing for the fruits, whether they could be used for food production and consumption.
Reefer was also directed to inspection, to identify direct cause of such temperature mismatches.
We contacted possible damaged cargo buyers.
 
Results:
• our survey results verified that the fresh melons was carried in inappropriate temperature, which was exceeding permissible as per certain CMR and specified standards of melon’s carriage; 
• laboratory analysis provided official statement with the approval that the melon’s condition is permissible to be used for the foodstuff with reduced quality level. Salvage buyer purchased whole cargo for juice production;
• workshop proved that the reefer plant computer settings was the cause of cargo damage, as it incorrectly previewed cargo cooling temperature;
• we reduced the client’s loss value to minimum.
 
Our advice:
• Always conduct an independent pre-loading survey.
• Conduct independent tally of cargo loaded.
• Temperature and moisture tests on the reefer plant and cargo must be performed.
• Visual quality inspection of the cargo can help to eliminate the loading of all damaged.
• Contact the your insurer immediately.
 
 
Marine Services Group has a Survey services - the independent survey bureau with the world wide coverage of the niche surveyors and partners, ready to assist 24/7 and represent interests of the client. 
Our survey services is capable to perform investigations, assessments, loss calculation of the cargo damages, warehouse storage and more. We provide total protection to our client’s interests; minimize the loss; damaged cargo salvage sales possibilities to our clients and counter parties. Please feel free to approach us with any specific questions of your interest. 

Second autumn seminar in Odessa was disclosed

18.10.2015

On October 13, the second autumn seminar of Marine Services Group in Odessa jointly with our partner Interlegal was held. This time we gathered freight forwarder and cargo owners audience to disclose them the theme - ‘’The responsibility of the logistics companies – myths and realities.’’ 
Our speaker – managing director of insurances services Andrejs Radionovs, conducted the seminar in an interactive mode. The participants received answers to practical questions and got an overview on the legal aspects of the controversial industry topics. After the workshop informal discussions continued in the mode of a friendly reception.
The third seminar session in Odessa to be announced shortly and will carried on in the middle of November. 

MARINE SERVICES BEACH VOLLEY CUP 15 RESULTS

27.08.2015


This year was the second year we gathered our Friends, Clients, Partners and other industry professionals to participates in Marine Services beach volley tournament.
We are happy to announce that Marine Services beach volley tournament is successfully finalized this year!  

All Final games were played according to play-off principle and from 16 corporate teams the winner of Marine Services volley cup'15 became Elko Group, consequently silver went to System Logistics and bronze to Atlas Logistics.
"Cup of Hope" went to Riga Commercial Port. Marine Services Group  in the 2nd League lost their game to former trophy holder in quarter-final.
Special video on the occasion of the Final were made by our Client Atlas Logistic - can be viewed by clicking the link  here.

We thank all participants and  supporters and congratulate the winners! 
We'll be happy to welcome everyone on broad of our Marine Services Volley cup'16 tournament next year!

Insurance Act 2015 - brief review of upcoming changes

18.09.2015

The Insurance Act 2015
As we know, the legislation applicable to contracts of marine insurance governed by English law is the Marine Insurance Act 1906. The Act is a codification of principles previously emanating largely from case law. Since that time, the statutes of the Act have only been slightly amended. However, significant reform of the law has been promoted by the Law Commission and has been evolved into law by the Insurance Act 2015. On 12 February 2015, the UK Parliament passed the Insurance Act 2015 and it will bring fundamental changes to commercial insurance in the UK. The Insurance Act 2015 will not repeal the MIA 1906, but it will amend some key sections. This will enter into force on 12 August 2016. We will consider some important changes introduced by the Insurance Act 2015.

UTMOST GOOD FAITH
As we know contract of Marine Insurance is a contract of utmost good faith. If the utmost good faith principle is not observed by either party, the contract may be avoided by the other party. Section 17 of the Marine Insurance Act 1906 applies before and after the contract of insurance is concluded - there is a positive duty to speak about the risk.
Under the Insurance Act 2015, the assured is still obliged to disclose all material facts, however there is a so-called “fall-back position”. Under Section 3(4)(b) the assured will satisfy his obligations of disclosure if they give the insurer “sufficient information to put a prudent insurer on notice that it needs to make further enquiries for the purpose of revealing those material circumstances.”
For instance: the assured have had wetting of cargo at POD couple of years ago due hatch covers were not watertight. When reviewing their insurance policies they have told to the new P&I insurer about this cargo claim describing it only as “cargo damage at POD”. It can be presumed, that the assured has fulfilled his obligations on disclosure and therefore it is the Underwriter who should enquire for some information in respect of such a claim. However, it should be remembered that the risk must be presented to the insurer “in a manner which would be reasonably clear and accessible to a prudent insurer”.
The obvious reason why it is done is to make Underwriters more involved in talks about the risk prior signing it, not when the claim has occurred.

DISCLOSURE BY THE ASSURED 
The Insurance Act 2015 introduces an important change to disclosure itself.
Under Marine Insurance Act 1906 the assured need not to disclose “any circumstance which it is superfluous to disclose by reason of any express or implied warranty”. So when the insurer is protected by warranty under the policy of insurance, disclosure can be avoided. However, classification of warranty has been changed to “suspensory condition” – removing such protection that was available to the Underwriter. This lead to Section 21(2) in the Insurance Act 2015, which omit Sections 18, 19 and 20 from the Marine Insurance Act 1906.

WARRANTIES
As we have mentioned classification and nature of warranties is changed. “Suspensory condition” means that in case of breach of a warranty (either express or implied) the insurer is still responsible for any loss, if the assured has remedied the breach before the loss. The insurer will be liable for losses, unless they were “attributable to something happening”. In order to get clear with term “remedied the warranty” the simple example can be taken: there is restricted area where ship can sail, however she in fact sails in this area (no cover when the ship is this area), however at the moment the vessel leaves this zone the breach will be remedied.

REMEDIES
One more important change that should be mentioned is the new principle of remedies available to the assured. Under Section 18 of the Marine Insurance Act the only remedy available to the assured if he has failed with his duty of utmost good faith – is to treat the contract of insurance as it was never made (Section 18(1) of MIA 1906). Under the new Act the remedy is not only limited to avoidance of the contract, but is divided according to category of the breach: 1) deliberate or reckless breach; 2) “honest breach” which is not deliberate or reckless. In the first situation, which is obviously the severe one, the insurer may avoid the policy without necessity to return the premiums. It is the insurer who has burden of proof that the breach deliberate or reckless. Speaking about the second sort of situation, where breach is not deliberate or reckless, there are three ways:
1. The insurer may cancel the policy, but he needs to return the premiums. Depends on situation – whether the underwriter would have written the risk if there was no breach from the assured side.
2. The contract of insurance will be in force, however on terms on which the underwriter would have written the risk if there was a fair presentation of the risk.
3. The claim compensation can be reduced proportionately if it can be presumed that the underwriter would have written the risk on a higher premium.

As it is mentioned the Insurance Act 2015 will come into force in August, 2016. Obviously, it needs some time to be assimilated in the system of English Insurance Law. There will be some remarkable, important and paramount cases, which are still to come, however, without no doubt, these changes are quite significant and we have less than a year to become ready.
For more detailed information please see “A practical guide to changes in UK Insurance Law”, which is prepared for members of the Lloyd`s Market Association and the International Underwriting Association, and is available to download here. 

 

autumn seminar session in Odessa have been started

17.09.2015

Starting from September 2015 we introduced so called mini seminar sessions in Odessa (Ukraine) representative office, the purpose of our formal meetings there is to inform our clients, partners and other professionals on the most actual industry issues and practical topics. 
During the sessions we invite attendees in an interactive dialogues and most of them ask questions which they face in their daily business routine.
We try to make such speaking relevant to any participant, therefore we call all interested persons to express their feedback and needs in any specific question of interest. The integral part of the seminars is to observe various case studies, legal aspects and advise on the best possible tailor made solution.

Next seminar "Fright forwarder and carrier liability in details and practical appliance" session will be held in Odessa, October 2015 (dates and place to be announced soon).
Seminars are for free, the only thing you need to do is to apply for the seminar by telephone or by e-mail - for the details on that please use our Contact block HERE

MARINE SERVICES GROUP REPRESENTED AT CLASSE MINI RACE

14.09.2015

For the first time in Marine Services Group history we are supporting one of the Classe Mini racer and his team at the "Mini Transat - Îles de Guadeloupe 2015" -  838 MAGNUM SPORTS boat. We are proud that we had a chance to equip the team and so they are representing our Firm's flag there. 

The Classe Mini race to Guadeloupe will start from a city Douarnenez (France) on 19/09/2015 and about a month it will take to cross the Atlantic for the sportsman. We wish luck and victory to our team! 

Information on race and results to be found on Classe Mini web site http://www.classemini.com/

 

 

LIABILITY OF SHIPOWNERS INCREASED BY LLMC 1996 PROTOCOL

16.06.2015

Last week shipping community has received briefing from IMO that limits of liability for maritime claims are increased as from 8th of June, 2015. This is not an unexpected regulation as limits in the Convention on Limitation of Liability for Maritime Claims, 1976 (LLMC Protocol 1996) were raised and adopted in 2012 by IMO`s Legal Committee.

The original reason for the convention on limitation of liability was to protect shipowners and their insurers by making a balance between successful claimants and shipowners. First limits were at high level, so claimants could  be reasonably compensated and in the same time shipowner`s liability can be insured. This supported industry as a whole and number of ships were increasing.

To refresh our memories let see to whom it is important:

Owner, manager or operator. Convention has not given right to limit to a mortgagee or ship-repairer, unless they take over the management and operation of the ship. It should be noted, that “manager” involve only the technical management, not crewing agent.

Charterer. It is important to note that the Convention allows a charterer to limit his liability only when acting as an owner (The Aegean Sea [1998] 2 Lloyd`s Rep 39). However, always reference should be made to Article 2 of the Convention as rights to limit always will depend on the type of a claim (The CMA Djakarta [2004] 1 Lloyd`s Rep 460 (CA)).

Salvor. Including the servants of the salvor.

Any person for whose act, neglect or default the shipowner or salvor is responsible. People who can be sued separately from the shipowner, e.g. stevedores, although they must prove they were hired by the shipowner or the charterer.

The liability insurer. When it comes for the insurer to be sued by a party who sustained a damage.
Below you may find how the limitation of liability is changed by Protocol 1996:

Investment and development award from Karate Federation of Latvia

08.06.2015

We got thankfulness trophies for investing in development and supporting Latvian Karate community and particularly children karate club "Karate San-E''. With our funding those kids got needed equipment for trainings and performance on tournaments. Good luck wishes and new victories! 

Children karate club "Karate San-E'' is one of the organizations we donate money each year to support development, learning and education to foster young talents.

 

 

Maritime Days Odessa 2015

28.05.2015

From 28 - 30 of May, 2015 Marine Services Group participated in conference Maritime Days Odessa 2015. This year it was held jointly with Grain forum «Black Sea» on the first day, consequently, following traditional Odessa Shipping dinner and football tournament.

The largest yacht ever built in Ukraine is insured by us

21.05.2015

Recently we have finished the project, which lenghted for more than a year, and with a support of our team and international connections we have placed the insurance for the largest yacht ever built in Ukraine - "Artpolars". Four-deck superyacht provides deluxe accommodation to 10 guests. There are 5 luxurious cabins, including two owner cabins, one on the upper deck, with a private aft deck, and one in front of the superstructure. Artpolars is made of steel and aluminium. She is powered by twin Cat 3412E DITA diesels, reaching a top speed of 14 knots and a cruising speed of 12,5 knots. 

 

MSG Volley Cup 2015

20.05.2015

We are pleased to announce that the following teams confirmed their fighting spirits to participate in the 2nd Marine Services Beach Volley Cup to be held between June 2 and August 25 at "Brazilija":

TVA Group (current holders)
Alpha Shipping Company
Astramar Transport
Elko Group
Riga Commercial Port
Tschudi Logistics
Arfiline
Ursus Logistics
Riga Central Terminal
KL Shipping
Quinto Logistics
Marine Services Group

Some teams still considering, but please note that structure of the Cup allows 16 or 20 participants, so only few places left! So hurry up!

Riga Shipping Dinner

01.02.2016

GROUP NEWS

30.11.-0001