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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Main Author: Mišo Mudrić
Format: Article
Language:English
Published: Hrvatska Akademija Znanosti i Umjetnosti 2011-12-01
Series:Poredbeno Pomorsko Pravo
Subjects:
Online Access:https://hrcak.srce.hr/file/114368
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author Mišo Mudrić
author_facet Mišo Mudrić
author_sort Mišo Mudrić
collection DOAJ
description 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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spelling doaj.art-1c443759add646fe9ce24a10444e78632022-12-22T01:31:16ZengHrvatska Akademija Znanosti i UmjetnostiPoredbeno Pomorsko Pravo1331-99141848-89272011-12-0150165217268Armed guards on vessels : insurance and liabilityMišo Mudrić0Pravni fakultet Sveučilišta u Zagrebu, Zagreb, HrvatskaThe 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.https://hrcak.srce.hr/file/114368armed guardspiracymarine insuranceprivate security companiesSomaliabrodska stražapiratstvoosiguranjeodgovornost
spellingShingle Mišo Mudrić
Armed guards on vessels : insurance and liability
Poredbeno Pomorsko Pravo
armed guards
piracy
marine insurance
private security companies
Somalia
brodska straža
piratstvo
osiguranje
odgovornost
title Armed guards on vessels : insurance and liability
title_full Armed guards on vessels : insurance and liability
title_fullStr Armed guards on vessels : insurance and liability
title_full_unstemmed Armed guards on vessels : insurance and liability
title_short Armed guards on vessels : insurance and liability
title_sort armed guards on vessels insurance and liability
topic armed guards
piracy
marine insurance
private security companies
Somalia
brodska straža
piratstvo
osiguranje
odgovornost
url https://hrcak.srce.hr/file/114368
work_keys_str_mv AT misomudric armedguardsonvesselsinsuranceandliability