Seaworthiness is a concept of vital importance to all those contracts related to vessels, for examples charter parties, Towing, transportation of goods. Under the Italian Doctrine developed by Crisafulli Buscemi, the concept of seaworthiness may vary depending on weather it is considered absolute, “In abstracto”, or relative “In concreto". The expression absolute seaworthiness marks the [...]
One of the most complete definitions of “salvage” is that given by Geoffrey Brice, QC in his book, Maritime Law of Salvage: The right to salvage arises when a person, acting as a volunteer, preserves or contributes to preserving at sea any vessel, cargo, freight or other recognized subject of salvage in danger. Although “salvage” [...]
Subsequent to the grounding of the oil tanker EXXON VALDEZ in 1989, the U.S. introduced the Oil Pollution Act of 1990 (OPA 90) which included provisions for the double-hulling of oil tankers. OPA 90 required new oil tankers to be double-hulled and established a phase out scheme for existing single-hulled tankers. New oil tankers under [...]
April 25, 2016, CHICAGO, IL - Ryan Specialty Group (RSG), the global specialty insurance services business based in Chicago, announced today that marine insurance executive, Jorge Pecci, has joined the company as President and CEO of the newly formed specialty marine underwriting manager, "Safe Waters". Mr. Pecci is responsible for all aspects of the specialty marine [...]
