Ulrika Leikvang Skuld North America Inc.

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Presentation transcript:

Ulrika Leikvang Skuld North America Inc. WRECKS OF THE WORLD II Ulrika Leikvang Skuld North America Inc.

P&I Cover for Wreck Removal Liability and cost related to the raising removal destruction marking of the wreck of the entered vessel or its equipment, bunkers or cargo as a result of a casualty,

the raising and other operations are compulsory by law necessary to remove a hazard or obstruction the costs are legally recoverable from the member

Exceptions liabilities and costs which are covered under the vessel’s hull policy where the member transfers his interest in the wreck or other property saved otherwise than by abandonment arising out of a removal of cargo carried on a semi- submersible heavy-lift vessel or any other vessel unless carried under an approved contract