FOM-6.3 Fleet Operations Manual
FOM
Insurance
Doc No.: FOM 6.3
Revision: 01
Date: 15 Oct 2024
Issued by: DPA
Approved by: MD

1 APPLICATION

This document applies to Masters onboard fully managed vessels.

2 PURPOSE

The purpose of this document is to provide instructions to the Master for handling insurance related matters onboard the vessel.

3. RESPONSIBILITIES

3.1 Master

4. INSURANCE DOCUMENTATION TO BE ONBOARD

Note:
If H&M broker contact details are not available, Master is to contact the Vessel Manager in the event of an incident. Master is to ensure that the list of correspondents is on board.

5. LLOYD’S OPEN FORM (LOF)

The LOF 2000 / LOF 2011 may be signed by Master when the vessel salvage assistance is required to save the vessel.

Note:
For further guidance please refer to Instructions for salvage and general average. Salvage procedures may be found in OCIMF’s peril at sea and salvage, which is part of vessel’s library.

6. ADDITIONAL PERSONNEL ONBOARD SHIPS

Master to inform the insurance manager when extra personnel joins the vessel. Below mentioned cases handled by office personnel:

Extra Party responsible for informing insurance manager
Voyage Repairer Tech Director/ Manager
Wife / Family Crewing Manager
MSS Marine Manager
Surveyors Tech Director
Others Tech Director

7. CREW CLAIMS

Master shall:

8. WAR RISK REPORTING

Master shall report any entry and exit to war risk exclusion areas to insurers/brokers at least 48 hours prior to entry to the conditional areas.

Caution:
Master must notify Insurers/Brokers in advance before the ship enters the exclusion areas. Failure to report any voyage to war risk areas 48hours prior to entry may result in vessel losing cover.

9. SHIP TO SHIP TRANSFER OPERATIONS

9.1 Data to be provided by Master

Master to inform Vessel Manager if ship-to-ship (STS) transfer operations known, with following details:

9.2 Ship to ship transfer clause

The below clause has to be agreed with underwriters for inclusion within the policy conditions.

Quote:

It is noted and agreed that vessels insured under this fleet placement, have the liberty to perform trans-shipment of cargo operations by way of ship-to-ship transfer at quay and, or anchor and, or sea within or off port limits - to the extent that such operations are considered customary in the trade concerned, for vessels of a similar type and size to the insured vessel, provided that:

On all other occasions, ship-to-ship transfer is held covered at terms to be agreed subject to IMO regulations and/or ICS / OCIMF regulations as applicable.

Unquote

10. CARGO CLAIMS

Cargo claims are generated from three sources:

Master must inform office if a claim is possible, followed by a detailed written report to the Marine Section and contact the local P&I representative for assistance.

Vessel Manager must be informed of any action the Master has taken.

Master must advise details of any survey carried out, including:

Note:
Retain messages related to cargo handling operations with Charterers, Shippers or Receivers. Issue note of protest as necessary.

Caution:
If Master is in doubt of the claim, he can abstain from signing any document until he has written confirmation from Owner .

11. OIL SPILL CLAIMS

Note:
Refer to Vessel's Oil Spill Contingency Plan or Vessel Response Plan

Master must:

Caution:
Master must instruct crew members not to make any statement whatsoever in relation to the spill. See ECP Emergency Contingency General Instructions for handling of the media.

12. HULL & MACHINERY (H&M) CLAIMS

Master must:

Caution:
Master to serve protest in all collision cases to protect Owners interest; decline responsibility in casualty and hold others fully responsible.

If other vessels are involved in the incident, for instance in collision cases, details of the other ship are to be submitted, as follows:

  • Name and particulars
  • Port of registry
  • Owner and/or operator
  • Persons involved
  • Pollution involved
  • Damage to own ship
  • Damage to third party
  • Any other parties involved
  • Authorities involved

Note:
ECP- Emergency Contingency General Instructions should be consulted in the event of incidents and accidents on board the vessel.