What Do Owners Really Want?

It goes without saying that ships could not operate without crews, bankers, consumables and insurance. Even if an owner paid cash for his ships and thus did not have to name a bank or other financial institution as a named insured, he still cannot trade his vessels without Protection and Indemnity insurance.

The latter is much more than a necessary evil -not because the owner sleeps at night knowing that he is covered for a major accident, but because the owner can sleep at night knowing that all the minor claims which occur with regularity are dealt with in a prompt, professional manner.

This is only an excerpt of What Do Owners Really Want?

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