Reduce Claims in 2024 with Swedish Club’s Cargo Advice Series – Now Available to All
When it comes to new year resolutions, reducing cargo claims must surely come top of many operators’ wish lists. To celebrate the arrival of 2024, The Swedish Club is sharing its popular Cargo Advice factsheets with the shipping community. Previously available only to Club members, the series focuses on those cargoes with a high claims frequency and aims to answer the most common questions that have been asked of the Club over the last few years.
The Club has collaborated with cargo experts CWA International to provide the latest intelligence on potentially problematic cargoes such as bagged rice, soya beans, hazardous chemicals, vegetable oils, petroleum, coal, and steel. In addition, the series reflects the pressures faced by operators with guidance on topics such as cargo hold cleaning and ventilation.
Johan Kahlmeter, Director of Claims at The Swedish Club says: “Forewarned is forearmed – we see the same problems with the same cargoes in the same locations time and time again. We are delighted to make this important loss prevention initiative available to both members and non-members, as the protection of crews, cargo and vessels must be a priority for all of us in the maritime industry.”
The series delivers advice on the basic characteristics of each cargo type and the measures to be taken during each stage of carriage. The easy to read factsheets highlight the preventative actions which must be taken to minimise the risks associated with carriage, both in terms of safety and ensuring delivery of the cargo in proper condition.
Johan Kahlmeter, Director, Claims at The Swedish Club
CWA’s specialists have extensive experience dealing with the problems encountered with a wide range of commodities including food and other agricultural products, metals, minerals, oils, gases and chemicals. Says James Blythe from the Food and Agricultural Commodities Department at CWA Singapore: “CWA International are very pleased to have contributed to The Swedish Club’s Cargo Advice series which we trust will provide users with key insights and take away messages to help them further improve their cargo operations, reduce the risk of a claim occurring and successfully defend a claim in the event that one is raised.”
The Swedish Club Offers Cyber Insurance Protection to All Members
The Swedish Club has announced that from 1 January 2024 it will offer all Club members Cyber Insurance coverage, providing reassurance and support in the event of a cyber attack. This pioneering move makes The Swedish Club one of the first marine insurers to provide such coverage and is in alignment with the guidelines set by the IMO for cyber security. These aim to provide managers and crew with the capabilities to cope effectively with cyber attacks that occur on computer-based systems on board ships.
The cover will be offered at preferential rates to all vessels insured for H&M and/or P&I through the Club, with three packages available depending on the level of cover needed.
Thomas Nordberg, Managing Director of The Swedish Club says: “As the industry’s ‘All-in-One Club’ we have worked hard to build a reputation for providing our members with comprehensive support for all their operational needs, and offering this cyber insurance is a natural progression in our commitment to them. Partnered with our loss prevention efforts, this initiative now addresses the escalating threat of cyber attacks.
Thorbjörn Emanuelsson, Director, Underwriting
“When port states and coast guards around the world start asking about cyber risk mitigation and resilience – and they already are – our member shipowners can show them a Cyber Insurance policy from The Swedish Club, with specialist cover for maritime cyber-emergency response, physical damage and wreck removal resulting from a cyber attack. We think that is worth a lot for our members and it’s why we want to protect them.
“We are delighted to be able to deliver these new market leading products. They meet market demands, are easy to understand, fit for our members’ needs and will deliver the best value for money in the market,” he adds.
Thomas Nordberg, Managing Director, The Swedish Club
The Club has partnered with leading experts in the field to develop this new insurance and tailored the packages to meet the diverse needs of members. The Basic package covers maritime cyber-emergency response, physical damage, and resulting loss of hire and the Basic Plus version offers expanded coverage limits. For those seeking the highest level of coverage, a comprehensive insurance package is available, all at competitive rates. In addition, in the event of an incident members can take advantage of a 24/7 hotline manned by cyber specialists.
Thorbjörn Emanuelsson, Director of Underwriting, says: “Cyber threats should not be taken lightly, and these new products will be instrumental in safeguarding members from the financial repercussions of cyber attacks.”