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ALCO

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Wet Nickel Ore in the Philippines. Singapore - New Bunkering Procedures. Payment Obligation of hire is not a condition of Charter - Owners be careful! Maritime Labour Convention 2006 as amended (MLC) Financial security requirements. Owners in a big trouble - Hire was not paid and the vessel was arrested by Receivers for various doubtful claims. Egypt: Rejecting Cargoes of Wheat - Update. Egypt Enforces Zero-Tolerance for Ergot in Wheat. North American ECA: Fuel Sampling and Testing in Canada.

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ALCO

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Introduction of P&I

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P&I is a shipowner’s insurance cover for legal liabilities to third parties. Third Parties are any person, apart from the shipowner himself, who may have a legal or contractual claim against the ship. P&I insurance is usually arranged by entering the ship in a mutual insurance association, otherwise referred to as a club. The members of such clubs are shipowners, bareboat charterers and/or ship management companies. Please kindly find below the detailed information about its coverage. Usually the cargo i...

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About Us

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ANDREW LIU and CO., LTD (ALCO) was established in Hong Kong in 1988 as one of the first marine insurance consultants assisting shipowners and charterers in China with their insurance and claims requirements. ALCO were the first insurance broker in Hong Kong to acquire the ISO 9002 certification with the goal to provide the best service. ALCO's philosophy is always to place themselves in the position of the client, so that whole team proactively thinks and cares for the client. ALWAYS PLACE YOURSELF IN.

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ALCO

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Hull Clauses

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INSTITUTE TIME CLAUSES - HULLS. INSTITUTE TIME CLAUSES - HULLS - TOTAL LOSS, GENERAL AVERAGE AND 3/4THS COLLISION LIABILITY (Including Salvage, Salvage Charges and Sue and Labour). INSTITUTE TIME CLAUSES - HULLS - TOTAL LOSS ONLY (Including Salvage, Salvage Charges and Sue and Labour). INSTITUTE TIME CLAUSES - HULLS - DISBURSEMENTS AND INCREASED VALUE (Total Loss only, including Excess Liabilities). INSTITUTE TIME CLAUSES - HULLS - PORT RISKS. PICC P&C INSTITUTE CARGO CLAUSES (A).

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Shipowner

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What types of insurances does a vessel require? There are three types of insurances which are usually considered standard and invariably arranged for a vessel, and mortgagees would require the purchase of all three insurance. War risks insurance.( click here for more details. Thank you for the feedback. Does a vessel require other insurances? Or there is a breach of the Hull insurance as a result of the vessel trading to a port outside permitted trading limits( click here for more details. This insurance...

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News Event

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300916 ALCO WINNER OF ACQ5 GLOBAL AWARDS 2016. 220416 The Strike Club Seminar. 301215 ALCO WINNER OF ACQ5 GLOBAL AWARDS 2015. 120914 2014 ICS Shipping Seminar. 080514 Welcome to ALCO new website. 150113 Shanghai Direct Line in Hong Kong office. 090413 ALCO Subsidiary in Singapore. 041213 2013 Nordisk Roadshow to China. 060712 Notice of Andrew Liu and Co. Ltd Toll Free Number - One Step Closer To You!

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Charterer

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Does a charterer of a ship have any legal liability? A charterer has liability to the shipowner and also has liability to other contracting parties such as stevedores and port authorities. Thank you for the feedback. What particular or usual liabilities is a charterer exposed to? Loss or damage to the vessel (claim by shipowner). Loss or damage to cargo (claim by shipowner or cargo owner). Loss or damage to shore equipment (claim by shipowner or port authority or third party). Thank you for the feedback.

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Local Information

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