Presentation
Sustainability in Marine Pollution Response – a Marine Insurer’s View
DescriptionThe concept of sustainability is now a key driver for policies, practices, and procedures for many marine insurers. One area where this principle can be applied with rigor by marine insurers is with marine pollution casualty response efforts, over a wide array of facets:
-selection and implementation of cleanup and remediation methods that are less carbon intensive per se, and in addition offer a way to better capture the carbon output of the emitted pollutant.
-setting as bid criteria requiring methods that are environmentally protective, both in the short and long term, for use the processes of vessel salvage and/or wreck removal.
-the encouragement and financial support for more environmentally friendly materials to be used for spillage removal and for methods with less environmental impact for the ultimate disposal of such consumables, and the fostering of the development of cleanup materials that can be cleaned/refurbished and later reused.
-giving preference to the funding of spill damage compensation proposals that will result in long lasting positive impact in a location, chosen over short term environmental ‘fixes’.
Marine insurers, in the above suggested practices and others, through their active involvement in marine casualty responses and their funding of same, can exercise a significant influence in directing the results of the response to coincide with their company principles of sustainability.
-selection and implementation of cleanup and remediation methods that are less carbon intensive per se, and in addition offer a way to better capture the carbon output of the emitted pollutant.
-setting as bid criteria requiring methods that are environmentally protective, both in the short and long term, for use the processes of vessel salvage and/or wreck removal.
-the encouragement and financial support for more environmentally friendly materials to be used for spillage removal and for methods with less environmental impact for the ultimate disposal of such consumables, and the fostering of the development of cleanup materials that can be cleaned/refurbished and later reused.
-giving preference to the funding of spill damage compensation proposals that will result in long lasting positive impact in a location, chosen over short term environmental ‘fixes’.
Marine insurers, in the above suggested practices and others, through their active involvement in marine casualty responses and their funding of same, can exercise a significant influence in directing the results of the response to coincide with their company principles of sustainability.
Authors
Senior Claims Adviser
Vice President, CEP
Vice President, head of Environmental Claims
Senior Claims Adviser
Senior Claims Adviser
Event Type
Paper
TimeThursday, May 16th12:30pm - 12:50pm CDT
Location288-290
Prevention