Recording_150
Chapters
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0:00Chapter 1: So there is no cover in the event of the ship is hit by a rocket or if it's a rocket. 109s · Speaker 1
So there is no cover in the event of the ship is hit by a rocket or if it's a rocket. And then the owner has to look to their war risk insurance. Of course, everyone these days has war risk insurance. So war risk is kind of separate? Yes, w…
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1:53
Suppose one vessel, I mean everything is normal and the vessel does not have the variation, but there is obviously other insurance the vessel has. If the vessel is hit by the rocket, so can the vessel any kind of thing? Not P&I, no. It's ex…
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6:58
a member which loaded a cargo of crude oil in the Red Sea. In Yanbu, Saudi Arabia, they still have a terminal. You have both sides of Saudi Arabia, you have the Persian Gulf and the Red Sea, so they can still use the Yanbu terminal. And the…
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9:55Chapter 4: I don't know. 197s · Speaker 2
I don't know. Black tea? Do you know Thailand at all? There's a place called Phuket Phuket is the touristic area where it has all the white beaches and the ship sank very close to there so the authorities they are very upset So we have the …
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13:13Chapter 5: It's the worst liability. 91s · Speaker 3
It's the worst liability. Because we're over here, I thought it would be an opportunity just to pass by and say hello and just to catch up. I arrived yesterday and I'm leaving one Friday. We're going to Chittagong today. So we go to Chittag…
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14:46Chapter 6: Not necessarily to Bangladesh, but to other countries. 313s · Speaker 2
Not necessarily to Bangladesh, but to other countries. And the main reason is that the mother doesn't enter into the channel. That's why you are getting... Yes. No complaint. And I have noticed your operations with the lighting and the stea…
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20:00
From the Charter saying, cargo is being carried within the price cap. So what they're telling us is that this cargo was loaded at $44 a barrel. And they're selling cargo at $110 a barrel. It's impossible that Russian crude... It's around $1…
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25:00Chapter 8: It's a significant Iranian entry. 112s · Speaker 2
It's a significant Iranian entry. And then Trump came to power the first time and he stopped everything. So we couldn't ensure them anymore. But we know that the Iranians are big traders, they have a big fleet, they have a lot of tankers, t…
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26:53Chapter 9: Yes. We have asked about the world. 323s · Speaker 1
Yes. We have asked about the world. If the world has threats from what is, we will run out of oil. Yes. This is our main threat. Yes. And if Bangladesh run out of oil, so the economy will call us. It's the same in many countries. When I was…
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32:17Chapter 10: They're building a new port, haven't they? 58s · Speaker 1
They're building a new port, haven't they? They built a new port, haven't they, between Cox's Bazaar and Schittanong? The new port, they built it or are they trying? Yeah, to try. Earlier they tell to build a Billsy port. Yes, this one. But…
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33:19Chapter 11: Problems we haven't really had before. 100s · Speaker 2
Problems we haven't really had before. I can't remember when we've had oil prices. No such problem. I mean, this sort of oil flow supply crisis throughout the world. I remember, I don't know, 34 years ago, the Iraqi Iran war as well. Not li…
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35:00Chapter 12: It's very bureaucratic, it's very old fashioned, it's all paper work and documentation. 166s · Speaker 1
It's very bureaucratic, it's very old fashioned, it's all paper work and documentation. It's not an easy country to deal with your authorities. Did the office like West of England request you to move to London or did you request it? No, I a…
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37:55Chapter 13: I think there are some judges in Chittagong who are maritime specialists. 124s · Speaker 2
I think there are some judges in Chittagong who are maritime specialists. So for Western England, it's been a good year for us as well. Obviously yours is different. You have charters, liability. We have also mutual members, the ship owners…
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40:02Chapter 14: We did not do that. 76s · Speaker 4
We did not do that. But we did ask for quotations from different groups. This is for... To benchmark against. This is what our management asks. Compare all the available offers. Of course, that's understandable. I'm pleased to recall that y…
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41:20Chapter 15: He gives you two options to choose from. 110s · Speaker 2
He gives you two options to choose from. Yes. One is $25,000 deductible. That is all. And the premium would be the same. It would be the same. For a high premium and lower deductible and higher. We will win for the lower deductible. Yeah. A…
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43:12Chapter 16: What's the bottom there? 73s · Speaker 3
What's the bottom there? Is it sand and silt or is it rocky? Not rocky, it's silt. Minerals from Himalayas. Sand. So if the ship does sit on the bottom, you're not going to have the damage to it? Not big damage. They want a diving survey to…
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44:32
That's a long way to send lighters down the channel as well. Lighting cost isn't very low. It's a long transit. It is. Not easy for the logistics to sort out. And the cost? We're still doing it, but of course if the draft situation improves…
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45:50Chapter 18: I would have thought the Chinese could do that as well. 241s · Speaker 1
I would have thought the Chinese could do that as well. They seem to be doing a lot of these sporting constructions. The Chinese were famous. They just had a breakfast meeting, so probably full. It was recorded from the port of China. That'…
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49:52Chapter 19: What kind of coverage would we have to get? 307s · Speaker 2
What kind of coverage would we have to get? What type of coverage do we have to get? That would be the same. Again, in theory, if the lighter ship loses your cargo, you have a claim against the lighter ship. But I know in practice it's diff…
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55:00Chapter 20: There's a problem with the cargo that you load. 86s · Speaker 1
There's a problem with the cargo that you load. For example, we know Indonesia is a problem country. You do get cases of cargo that's heating up. And it creates lots of problems. Sometimes you have to close the holes and wait for the oxygen…
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56:27Chapter 21: It's better now, but we still occasionally do help them. 242s · Speaker 2
It's better now, but we still occasionally do help them. We do test the call, like our suppliers test the call and give us a pre-shipping inspection report on the specification plan. But sometimes we receive email from the shipping agent th…
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1:00:30Chapter 22: Physically lost. 81s · Speaker 4
Physically lost. Physically lost. First of all, you'd have a claim against the lighter ship. Yes, but what can we basically say? When something happens with the mother ships, I ask him for suggestions. But if we don't have that cargo policy…
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1:02:07Chapter 23: Thank you very much. 171s · Speaker 1
Thank you very much. So, this claim is a total loss. It is a total loss. It is a total loss. It is a total loss. It is a total loss. It is a total loss. It is a total loss. The P&D is not the liability portion. The TT Club has a lot of mone…
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1:05:00Chapter 24: foreign foreign foreign foreign foreign foreign foreign the time and condition. 98s · Speaker 2
foreign foreign foreign foreign foreign foreign foreign the time and condition. Even if you have a voice chatter, if you have a voice chatter, if you have a voice chatter, then you will be responsible. So, you will be responsible for your r…
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1:06:54Chapter 25: Two final points before. 294s · Speaker 1
Two final points before. In terms of claims handling, I don't know if you've noticed that Berfin and Beza are doing a lot of the work. Berfin sits next to me. She's been with us for three years now. She's a Turkish solicitor, qualified. She…
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1:11:50Chapter 26: I mean, about the electrical cable damage. 53s · Speaker 2
I mean, about the electrical cable damage. They sent us an invoice of how much the cable costs in euros. Yes. That was 4,500. 4,300 dollars or so. The invoice was dated March. It was before. Probably the original invoice of the damaged cabl…
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1:13:14Chapter 27: I don't want to take all your day here. 105s · Speaker 1
I don't want to take all your day here. It's always very, very good to have you, all of you. Yeah, it's nice to come here. Do you know this wasn't on the original plan, but I said... Thank you for coming. We have to come and see BCPCL, whic…
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1:15:00Chapter 28: And then you've got the lightering barge. 304s · Speaker 2
And then you've got the lightering barge. Oh, the lightering barge. Yeah. So again, in theory, if any damage officer does during either of those sections, the liability should be on either the ship or the lightering barge. Yes. But, as an e…