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Security Collections

Handling the collection of General Average or Salvage Security on a vessel involving Non-Vessel Operating Common Carriers (NVOCC) and Groupage - Less than Container Load (LCL) consignments where interests are numbered in thousands rather than hundreds demands special expertise, resources and management that we are long used to providing.

These security collections are made more difficult by the fact that individual members of consortia will produce their own manifests dealing with their own cargo interests and have their own exclusive agents in each loading and discharge port.

We approach a multi bill of lading collection of security by:

  1. Outlining the strategy 
  2. Giving clear instructions and notification to agents and other parties involved 
  3. Co-ordinating the recording of security and release of cargo using IT databases 
  4. Regular reporting 
  5. Follow up in respect of outstanding information

In particular we utilise:

  • Our global network of offices and correspondents that is unrivalled in experience in this field
  • Close working relationships with major institutions such as Lloyd's Salvage Branch
  • Our reputation in local cargo insurance markets ensuring high level co-operation

We are best placed to collect salvage security for salvors concurrently with the collection of General Average security.

Key Contacts

Richard Cornah
Chairman

Tel +44 151 235 5554
Mobile +44 7785 948 830
Email richard.cornah@rhl-ct.com

Andrew Paton
Director - Marine

Tel +44 151 235 5567
Mobile +44 7798 775 075
Email andrew.paton@rhl-ct.com

Paul Silver
Managing Director, Marine

Tel +44 20 7015 2046
Mobile +44 7785 948 832
Email paul.silver@rhl-ct.com

Benson Chiu
Managing Director - Greater China, Head of North Asia

Tel +852 2399 6188
Mobile +852 9831 2812
Email benson.chiu@ctplc.com

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RHL Latest Publications

An adjusters’ note on substituted expenses and ransom payments – “The Longchamp”

The Court of Appeal has reversed the 2014 High Court judgement that crew wages and fuel consumed during lengthy ransom negotiations with Somali pirates could be allowed as general average under Rule F of the York Antwerp Rules. This article provides insight into both the High Court and Court of Appeal decisions, and clarifies the test for establishing an allowance under Rule F.

"Environmental liabilities in particular average - Part 2"
Situations in which pollution-related costs can be recovered in general average (GA) have been discussed in our previous article, "Environmental liabilities in general average - Part 1". We will now consider when the costs of cleaning up pollution in dry-dock may be  covered by particular average (PA).

"Environmental liabilities in general average - Part 1

The liability aspect of environmental costs falls traditionally within the ambit of P&I cover. However, there can be situations whereby such costs can be recovered as either general average (GA) or particular average (PA) from property insurers. This article will consider the topic from a GA point of view.

 

Click the link below to view further douments and publications from Richards Hogg Lindley.