1 / 22

Update of Marine Cargo Insurance to Iraq Max Zaccar

Update of Marine Cargo Insurance to Iraq Max Zaccar. Heading (Min font size: Arial 36pt). Text (Min font size: Arial 24pt). Heading (Min font size: Arial 36pt). Text (Min font size: Arial 24pt). The Present Situation. Oil for Food Program (OIP). Established in 1990.

tobias-forbes
Download Presentation

Update of Marine Cargo Insurance to Iraq Max Zaccar

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Update of Marine Cargo Insurance to Iraq Max Zaccar

  2. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  3. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  4. The Present Situation

  5. Oil for Food Program (OIP) • Established in 1990 • Discontinued on the 22 November 2003 • Confirmation of delivery now signed by Cotechna, CPA and Iraqi Authorities • Last shipments October 2004

  6. Cargo to Iraq • All kinds of civilian cargo • Equipment and spare parts for the country infrastructure

  7. Means of Shipment • Air • Sea • Land

  8. Land Transit to Iraq • All routes to Baghdad are about 600 km

  9. Land Transit to Iraq • All routes to Baghdad are about 600 km • Dangerous strip is 200 km

  10. Types of Claims • Very few truck accidents • Attacks on cargos for the CPA • Hijackings of other cargos

  11. Truck Companies • Dedicated truck companies • DHL regular service

  12. Marine Insurance • All Risk for air, sea, land • Land transit All Risks includes Piracy and Malicious damage

  13. War and Strikes • The London clauses • The AWRIS clauses

  14. Hijackings and Thefts

  15. Recoveries

  16. Conclusion • Terrorist attacks or hijackings? • Insurance conditions • Reputable truck company • Transit in convoys • Coverage limited in time

  17. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  18. Heading (Min font size: Arial 36pt) • Text (Min font size: Arial 24pt)

  19. Unless a dramatic change occurs on the security level, cargo to Iraq will unfortunately have to travel without insurance in the near future.

More Related