Armed guards on vessels : insurance and liability
The Paper examines the insurance and liability issues resulting from the use of armed guards on board vessels. The study begins with an overview of the available data on key economic fi gures representing the projected overall annual costs of modern piracy. The focus is then shifted to the issue...
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| Format: | Article |
| Language: | English |
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Hrvatska Akademija Znanosti i Umjetnosti
2011-12-01
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| Series: | Poredbeno Pomorsko Pravo |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/114368 |
| Summary: | The Paper examines the insurance and liability issues resulting
from the use of armed guards on board vessels. The study begins
with an overview of the available data on key economic fi gures representing
the projected overall annual costs of modern piracy. The
focus is then shifted to the issue of public versus private security,
where possible dangers of private-based security options are discussed
in general. After explaining why the Somalia region deserves
a closer attention when compared to other pirate-infested waters, a
brief summary of the international effort to combat piracy threat is
presented, followed by a structured overview of the use of private
maritime security options in the maritime sector in general. One
security option is the use of armed guards on board vessels. This
option is explored both from the political (the acceptance by stakeholders)
and legal standpoint (legal issues arising from the use of
armed guards). An important remedy for the shipping companies/
operators threatened by the piracy hazard is the existence of affordable
and effective (specialized) marine insurance. A study of available
piracy insurance policies is presented, followed by an analysis
of case law and other legal issues arising from piracy attacks, which
could prove important when considering the legal implications of
armed guards employment. Finally, a simplifi ed economic analysis of available security options is presented, followed by the final
assessment of benefi ts derived from the use of armed guards. |
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| ISSN: | 1331-9914 1848-8927 |