1. Maritime Claims An Underwriter ’ s Perspective Eamonn Magee LLB. BL.

2. Marine Insurance Act 1906. Section 2. Section 2. Mixed Sea and Land Risks. Mixed Sea and Land Risks. A contract of Marine Insurance may, by it ’ s express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage. A contract of Marine Insurance may, by it ’ s express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage.

3. Introduction The role of IUMI and other international organisations. The role of IUMI and other international organisations. Some marine Global statistics. Some marine Global statistics. The role of International Conventions in Liability Regimes. The role of International Conventions in Liability Regimes. Typical marine policy Covers. Typical marine policy Covers. Major casualty issues ( “ Napoli / Rena / APL Panama ”/ Costa Concordia ). Major casualty issues ( “ Napoli / Rena / APL Panama ”/ Costa Concordia ). General Average & Salvage. General Average & Salvage.

4. International Union of Marine Insurance Professional body run by it ’ s marine membership. Professional body run by it ’ s marine membership. Communications platform. Communications platform. Affiliate membership – ICS,IGP,IACS,BIMCO,CMI,UN Affiliate membership – ICS,IGP,IACS,BIMCO,CMI,UN Technical Committees – Cargo,Ocean Hull, IFY, Energy / Offshore, Facts & Figures, Legal & Liability, Loss prevention Technical Committees – Cargo,Ocean Hull, IFY, Energy / Offshore, Facts & Figures, Legal & Liability, Loss prevention www.iumi.com www.iumi.com

5. Facts & Figures IUMI San Diego 2012 Global Marine Premium - 31.9 USD bn. (reported) – Cargo - 54.0% (17.22 bn. ) Cargo - 54.0% (17.22 bn. ) Hull - 26.2% ( 8.35 bn. ) Hull - 26.2% ( 8.35 bn. ) Energy / Offshore - 14.2% ( 4.52 bn. ) Energy / Offshore - 14.2% ( 4.52 bn. ) Marine Liabilities - 5.7% ( 1.81 bn. ) Marine Liabilities - 5.7% ( 1.81 bn. ) Total Estimated Global premium ? Total Estimated Global premium ?

7. Accumulations. 15,000 teu - ( 50k ) US$ 750,000,000 15,000 teu - ( 50k ) US$ 750,000,000 High Value 50,000,000 High Value 50,000,000 Hull Value 175,000,000 Hull Value 175,000,000 LOF 15%/ 20% 150,000,000 LOF 15%/ 20% 150,000,000 Total ( one vessel ) 1,125,000,000 Total ( one vessel ) 1,125,000,000 Before GA, Wreck Removal, Collision Considerations, Legal Costs. Before GA, Wreck Removal, Collision Considerations, Legal Costs.

9. Cargo / Loss Prevention Vessel vetting & Crisis management plans. Vessel vetting & Crisis management plans. Communications issues. Communications issues. Piracy. Piracy. Risks posed by overweight containers. Risks posed by overweight containers. New generation container vessels. New generation container vessels. Modern salvage challenges. Modern salvage challenges.

11. Ocean Hull Development of technology on ships. Development of technology on ships. Accumulation factors. Accumulation factors. The growth in LNG. The growth in LNG. Nuclear powered vessels of the future. Nuclear powered vessels of the future.

12. Legal & Liability Committee Wreck removal issues / costs in the Energy sector. Wreck removal issues / costs in the Energy sector. Solid bulk cargo liquefaction issues. Solid bulk cargo liquefaction issues. Piracy / Armed guards on merchant ships / Governmental responses. Piracy / Armed guards on merchant ships / Governmental responses.

14. Institute Time Clauses Hull 1.11.95 Perils Clause 6.1 – Perils of the sea, Fire,, Explosion, Earthquake, Piracy, Contact etc. Perils Clause 6.1 – Perils of the sea, Fire,, Explosion, Earthquake, Piracy, Contact etc. 6.2 - Crew Negligence, Repairers Negligence, Damage resulting from Latent Defect. (absent any want of due diligence ). 6.2 - Crew Negligence, Repairers Negligence, Damage resulting from Latent Defect. (absent any want of due diligence ). Pollution Hazard Clause 7. – Damage to vessel from Governmental intervention on pollution. Pollution Hazard Clause 7. – Damage to vessel from Governmental intervention on pollution. ¾ Collision Liability – Clause 8. ¾ Collision Liability – Clause 8. Salvage & GA – Clause 10. Salvage & GA – Clause 10. Clause 8.4 – Exclusions on H&M policy. Clause 8.4 – Exclusions on H&M policy. Removal and / or disposal of wreck or cargo. Removal and / or disposal of wreck or cargo. ¼ Collision & Non Hull& Machinery ( Excess ) collision Liabilities. ¼ Collision & Non Hull& Machinery ( Excess ) collision Liabilities. Loss of Life / Personal Injury. Loss of Life / Personal Injury. Cargo on Insured Vessel. Cargo on Insured Vessel. Pollution Liabilities. Pollution Liabilities.

16. General Average Definition. Definition. York Antwerp Rules. York Antwerp Rules. Who benefits from General Average ? Who benefits from General Average ? The role of the CMI. The role of the CMI. Do we still need General Average ? Do we still need General Average ?

18. Salvage The Salvage Convention. The Salvage Convention. Salvage contracts. Salvage contracts. Logistics. Logistics. The Emergency room for Underwriters. The Emergency room for Underwriters.

20. Costa Concordia Costa Concordia

21. Costa Concordia Issues Logistics,Financial Securities, Arrest ? Logistics,Financial Securities, Arrest ? Liability,Athens Convention, Limitation, Liability,Athens Convention, Limitation, Covers H&M, P&I, Policy Limits,Wilful Misconduct ? Covers H&M, P&I, Policy Limits,Wilful Misconduct ? Salvage Contracts, Wreck Removal Costs, Salvage Contracts, Wreck Removal Costs, Environmental Pollution, Environmental Pollution, Criminal Law Ramifications ? Criminal Law Ramifications ? T

22. Questions ? Oreamonn@ocslegal.ie