HULL UNDERWRITING AND THE CHANGING TECHNOLOGY

The insurance underwriter is faced with serious challenges when rating a new ship or new system on a ship. Lack of experience with new and different ships must be related through crystal ball gazing to tried and true. Initially bad experiences, as with 3 early VLCC'S, can cause unusually high rates until problems are solved. Some ship features that are not normally found on all ships are outlined as suggestions for improving safe operation.

• Supplemental Notes:
  • Presented at the Conference on "Bulk Transportation of Hazardous Materials by Water in the Future--A Long-Range Forecast", College Park, Md., July 9-10, 1973. This paper is available in the volume of Conference proceedings at a cost of $10.00.
• Corporate Authors:

  National Academy of Sciences

  Committee on Hazardous Materials
  Washington, DC  United States  20418
• Authors:
  • Pettersen, W J
  • Schumacher, A E
• Conference:
  • Presented at the Conference on "Bulk Transportation of Hazardous Materials by Water in the Future--A Long-Range Forecast", College Park, Md., July 9-10, 1973. This paper is available in the volume of Conference proceedings at a cost of $10.00.
• Publication Date: 1973-7

Media Info

• Pagination: p. 133-141

Subject/Index Terms

• TRT Terms: Hazardous materials; Hull insurance; Insurance rates; Transportation
• Old TRIS Terms: Hazardous materials transportation
• Subject Areas: Operations and Traffic Management; Transportation (General);

Filing Info

• Accession Number: 00051201
• Record Type: Publication
• Source Agency: Committee on Hazardous Materials
• Report/Paper Numbers: Proceeding
• Contract Numbers: DOT-CG-11,775-A
• Files: TRIS
• Created Date: Feb 28 1974 12:00AM