Closing Insurance Gaps for Foreign Ships in North America
Chris Richmond, Allen Insurance and Financial
Brett Chase, Berkley Offshore Underwriting Managers
Twain Braden, Thompson & Bowie, LLP
When ships from Europe and other parts of the world arrive in US and Canadian waters for Rendez-vous 2017, they may face different insurance and pollution-responsibility requirements than in their home waters. Likewise, when US and Canadian vessels undertake foreign voyages. In this session, experts from marine insurance industry and admiralty law will discuss common discrepancies between European coverages and North American requirements, the best ways to bridge those gaps, potential consequences for failure to do so, what is a Certificate of Financial responsibility (COFR), and other relevant issues. This session is highly recommended for vessel operators planning to participate in Rendez-vous 2017.
Chris Richmond is an able-bodied seaman and former schooner captain. He holds a USCG 100-ton Near Coastal Masters license and AB with sail endorsement. He has captained the schooners Roseway, Appledore II, Mercantile and Mistress and was chief mate aboard the schooners New Way and Bill of Rights. As a licensed insurance producer in Maine, holding the Accredited Advisor in Insurance (AAI) and Associate in General Insurance (AINS) designations, Chris now works with his colleagues in Maine and elsewhere to help manage the risks and safety challenges he knows so well. Chris is a graduate of The American University in Washington, D.C and the Marine Systems Program at The Landings School in Arundel, Maine, and now serves on that school’s program advisory committee. He has also worked for Mastervolt USA and Victron Energy as North American Sales Manager. Chris lives in Camden, Maine with his wife and three children and is currently restoring a Lightning class sailboat.
Brett has been an Ocean Marine underwriter for 17 years. He recently joined Berkley Offshore Underwriting Managers as a senior marine underwriter after spending 16 years at Acadia Insurance. Outside of work you will find Brett golfing, fishing or coaching his three children in a variety of sports.
Twain Braden practices maritime and admiralty law at Thompson & Bowie, LLP, in Portland, Maine. He represents commercial vessel operators, marina and commercial wharf owners, fishermen, and individual vessel operators in a variety of admiralty matters in the state and federal courts of Maine and New Hampshire. He recently presented at the Maritime Law Association conference in Bermuda on developments in U.S. salvage law. He is the author of