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UKMTO Weekly Piracy Report 16 – 22 March 2023

Warnings, advisories and piracy incidents in the Indian Ocean Area by the UKMTO in the past week.   Source: UKMTO (United Kingdom Maritime Trade Operations)

Gard withstands market turbulence to deliver stand out insurance results

Gard presented its annual results and its second integrated annual report today, showing that the group has delivered its best insurance performance in 15 years. Challenging investment markets meant that results overall ended close to break even. Gard’s reporting period was

Bunker supply contracts – key considerations for the buyer

Purchase of bunkers can generate significant risks/claims and sellers’ terms often incorporate fixed (often low) limits on sellers’ liability, exclusions for certain types of loss (e.g. loss of time, profit, indirect or consequential loss), short time bars for buyers’ claims, and