Standard Bulletin, January 2014

New Directors’ & Officers’ Liability cover
Charles Taylor has arranged a new D&O liability cover specifically designed to meet the needs of the shipping community. 

Piracy - high-risk areas
This article outlines the high-risk areas for war, piracy, terrorism and related perils, as identified by the London market's joint war committee. 

Rediscovery of the South American Waterways
Inland waterway transportation systems are a valuable means of transportation. The Paraná-Paraguay Waterway (Hidrovía) is an ongoing project that is trying to achieve economic and environmental efficiency. 

The costs of piracy: charterparty implications
The expenses involved in combatting piracy require careful consideration when forming charterparties. Armed guards, crew bonuses and additional insurances can add hundreds of thousands of US dollars to the cost of a single voyage in the Gulf of Guinea. It is therefore vital for an owner to know where those costs fall under their chartering arrangements and to ensure the costs can be recovered.

Standard War Class Centenary
The Standard War Class, a member of the Combined Group of War Risk Associations, celebrated its 100th year of operation in 2013. 

Staff spotlight
In this new feature, we find out more about the people who work with you.