This exciting new area caters for the ramifications of Maritime Labour Convention 2006, which comes into force in August 2013.
The Maritime Labour Convention deals with a ship owner’s responsibilities and liability for the economic consequences of sickness injury or death suffered by seafarers during their engagement.
The regulations state that ship owners should:
- Provide coverage for the cost of seafarer’s sickness or injury during their engagement until the date at which they are duly repatriated.
- Provide compensation in the event of death or long term disability caused by an occupational injury, illness or hazard.
- Defray expenses of medical care until the seafarer has recovered or sickness or incapacity becomes permanent.
- Provide cover for repatriation.
- Pay wages in whole or part where sickness or injury results in a seafarer’s incapacity to work.
Prospect are working with Kestrel Insurance, based on the Isle of Man, on this scheme and have developed a bespoke product with a leading London market to provide a simple solution to ship owners’ needs. Enquiries for UK domiciled businesses should be directed to Kestrel on 01624 671001.
Contact: David House (firstname.lastname@example.org)