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1) Introduction/Background 2) Lithium-ion (Li-ion) Batteries 3) Hazards Associated with Li-ion Batteries, their Causes, and Consequences 4) Loss Prevention Guidance 5) Fire Suppression 6) Summary References 1) Introduction/Background There has been a steep increase in the number of fires on super yachts. It is estimated that between February 2018 until November 2023 more than 50 […]

What is mainly covered under a Yacht’s Protection and Indemnity (P&I) policy? A Protection and Indemnity (P&I) insurance policy is a type of marine insurance that covers a range of potential third-party liabilities that shipowners, operators, and charterers may face. The risks covered under such liability policy include but are not limited to: Collision with […]

The last years were not a sinecure for the yacht insurance industry, the yachting world has suffered several losses; A fire broke out in September 2018 two months from completion on a mega yacht of 147 meters at the Lürssen shipyard in Bremen-Aumund in Germany. The yacht was insured on the London/Loyd’s market under a […]