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Beacon No. 1 2004 - Skuld

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a growing market<br />

She is familiar with the Greek shipping<br />

community after working as a Senior Claims<br />

Executive for Thomas Miller’s office in<br />

Piraeus for the last six years. Read more<br />

under ‘Personnel news’ on page 30.<br />

– All day-to-day underwriting and claims<br />

work for current members is handled at<br />

the local office. Our staff also has the<br />

competence and necessary authority to<br />

handle all new requests originating from<br />

Greece and Cyprus.<br />

We are dedicated to providing the best<br />

service possible in a swift and effective<br />

manner, says Lily Karaiscos-Samellas.<br />

Future events<br />

Posidonia, the bi-annual shipping conference<br />

in Piraeus, is coming up in June. This<br />

means additional opportunities to meet<br />

members and other contacts, and a separate<br />

<strong>Skuld</strong> pre-Posidonia dinner party is being<br />

arranged. This autumn there will also be a<br />

local <strong>Skuld</strong> seminar for Greek members.<br />

<strong>Skuld</strong> Hellas. From left: Ken Stewart, Michael Boje-Larsen, Lily Karaiscos-Samellas, Elina Souli and Athina Sirimi<br />

A case example: containers overboard<br />

By Michael Boje-Larsen, Claims Manager, <strong>Skuld</strong> Hellas<br />

In March 2001, a Target Marine vessel ran into a storm in the <strong>No</strong>rth Atlantic on its way from<br />

Le Havre to New York. A total of 120 containers was lost overboard.<br />

When the first call came in from Target<br />

Marine to <strong>Skuld</strong>, steps were immediately<br />

taken to contact our correspondent in New<br />

York, Anchor Marine. They sent lawyers<br />

and surveyors to meet the vessel on arrival<br />

in New York. The remaining containers –<br />

some smashed or damaged – were lifted<br />

off the vessel and, within a matter of days,<br />

the initial cleanup had been finalised.<br />

Quickly it became clear that the shipowner<br />

and <strong>Skuld</strong> would face huge cargo claims<br />

from various container owners and their<br />

cargo underwriters. To avoid costly and<br />

lengthy litigation in the US, a strategy for<br />

claims handling was set up between <strong>Skuld</strong><br />

Hellas and the head of Target Marine’s<br />

legal department. The offices are literally<br />

five minutes apart and the close cooperation<br />

between our two companies<br />

meant a lot through these meetings. The<br />

strategy ensured that cargo claimants were<br />

dealt with fairly and costly court appearances<br />

were avoided.<br />

Early contact between Anchor Marine and<br />

Target Marine’s US lawyers established a<br />

good working environment with cargo<br />

claimants’ lawyers in New York. At the<br />

same time, <strong>Skuld</strong> arranged an<br />

apportionment with charterers, whereby<br />

any cargo settlement in the US would be<br />

split between charterers and owners in<br />

a pre-determined way. This avoided a<br />

potentially expensive legal battle over<br />

the correct apportionment under the<br />

charterparty.<br />

A case that could have become substantial<br />

was trimmed down to a manageable size.<br />

The closeness between club and member<br />

facilitated the drawing up of an initial strategy,<br />

as well as later adjustments, and proved to<br />

be decisive for the outcome of the case.<br />

BEACON 5

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