Marine, Energy & Trade Credit Insurance

 

The firm has traditionally acted for shipowners in their disputes with H&M insurers. In this regard our expertise includes initiating legal proceedings against a H&M insurer on behalf of a shipowner who sought to reject a claim of constructive total loss arising out of a collision on the pretext of seaworthiness. Additionally, we have advised a leading Indian tanker vessel operator in relation to a claim under an H&M Insurance policy for providing security for on behalf of the shipowner in relation to a salvage claim. The firm has recently been involved in a number of cargo insurance matters and subrogated actions. We advised a leading Indian state owned insurers on the liabilities under a ship repairs liability policy to a shipyard. We have also advised insurers in tailoring bespoke insurance products for various stakeholders in the field of international commerce.

 

Leveraging our presence in the shipping industry, the firm has recently been actively involved in contentious and non-contentious insurance matters relating to all facets of international commerce. Additionally we have recently been involved in a USD 100,000 million reinsurance dispute on behalf of a leading marine and energy risks syndicate in in the Lloyd’s insurance market against a consortium of leading Indian insurers which in turn provided a ports and terminal insurance policy for a privately built and owned deep water port on the east coast of India whose activities came to a grinding halt on account of severe flooding during the months of November and December 2015. Additionally, we have acted for and against trade credit insurers.