Press Article: Wreck Removal Liability Unravelled
News & Insights 30 May 2017
Sam Kendall-Marsden, head of our UK & Americas division, discusses the club's cover for wreck removal in Tug & OSV.
Sam Kendall-Marsden, the head of our UK & Americas division, managed the wreck removal of the Costa Concordia in 2012. The wreck removal costs of the Costa Concordia exceeded $1bn making it one of the largest claims The Standard Club has ever managed. In the attached Tug & OSV article, Sam summarises the club’s cover for wreck removal explaining the difference between wreck removal and salvage liabilities and addresses some specific issues concerning lost anchors. The full article is available on the right with the kind permission of International Tug & OSV.