PSI Protected Settlements For Liability Claims And Other Services

BOOK REVIEW CHARTERERS’ LIABILITY INSURANCE Essential Best Practice By Heinz E. Gohlish ISBN: 978 1 90533 133 8 Witherby & Co. Ltd. www.witherbys.com ____________________________ MULTIPLE ASPECTS OF CHARTERERS’ LIABILITY CONDENSED INTO A SINGLE COMPREHENSIVE WORK An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers, Richmond, Surrey The need for charterers’ liability insurance has grown remarkably over the past 20 years, according to the author of this useful work of reference. As far as is known, this is the first book to bring together ‘the multi-faceted aspects of charterers’ liability’ into one handy volume. The holder of a post graduate degree in maritime economics — the author and his fellow contributors, all experts in this highly complex area, have produced a book which we are certain will emerge as required reading for all those with an interest in — especially a financial interest in — chartering activity — which is now fraught with increasing financial risk. The author, Heinz Gohlish, identifies three factors which explain why this is so. The first — due to a balance of power shift from ship owners to charterers — is that the element of risk is being passed more frequently from owner to charterer. Secondly, there has been an increase in recent years in the values, both of commodities and the vessels that transport them. The third factor is the increasingly stringent regulatory and legislative environment in which a …