Hull & Machinery and Loss of Hire Insurers

Hull & Machinery and Loss of Hire Insurers

MARE serves as independent experts in the interest of various Hull & Machinery and Loss of Hire insurers, with the unique aim of providing a professional service focused on the requirements of the principal.
Claim managers have knowledge of the main policy terms and adjusting principles, so that the investigations are focused and reports provide the necessary information without delays.
The global locations allow to have a complete picture of local market conditions ensuring more accurate reserves since the early stages of the process.

Our experts can investigate the cause, nature and extent of damages and failures of hull, structures, systems and machinery of all types of ships and yachts.
Through the experience of our Naval Architects and Marine Engineers, Master Mariners and Chief Engineers we can report quickly to the interested parties and with respect to the underlying frame of rules, policies and relations.
Root cause analysis is carried out following the requirements of the Principal since the investigation stage, in order to collect the relevant information and evidence.
Analysis of IT records and VDR data complements the field inspections.
Samples of fuel, oils and other fluids, and failed parts of machinery and structures, can be analyzed by independent laboratories to investigate the cause of damages.
Estimated duration and cost of repairs, or loss of hire, are updated continuously in order to allow Principal to reserve the claim properly.

Investigations of all marine accidents, including collisions and groundings, are carried out by our specialists also through the analysis of electronic navigational data, VDR recordings, AIS data in order to provide all the factual evidence necessary for the definition of liability.
VDR and AIS data are elaborated from raw format with own tools, in order to obtain the full extent of information without the limits of playback software or third party elaborations.
Accidents are reported in detail on nautical charts and with all relevant information, including other vessels, limits to navigation, milestone events and communications.
Comments on liability based on COLREG and other applicable international and local rules can be provided also separately.

After a proper attendance we can provide Risk Assessments of vessels and management companies in accordance with the recognized JH2006/010 guidelines, as well as any other form or guideline provided by the Client.
Engine Room Management & Machinery Risk Assessment, Condition Survey, Office Management Assessment and Structural Condition Survey can all be carried out in the interest of the Client, with a prompt Recommendation and Follow up reporting for deficiencies which might arise.
The same method is applied to various guidelines and forms as provided by Clients such as P&I Clubs, Charterers, etc.

Several Risk Assessments in accordance with JH143 guidelines have been already carried out in repair and construction shipyards, both for merchant vessels and superyachts, in order to provide Insurers with the proper risk profiles in advance.
Risk Assessment can also be specific for a single activity (such as maintenance and repairs) or for a construction, in case of Builders’ Risk cover.

The vast and diverse experience of our people is key in assisting interested parties and their lawyers on all technical aspects of ship construction, operations, casualties, accidents and injuries.
Technical knowledge is provided within the legal framework given, in order to pursue the desired results while making arguments understandable for all involved parties.