Obligation for a Marine Insurance in Europe
(May 2012)
Since January 1st 2012 some European countries (including the Netherlands, Malta, Denmark and Spain) have enforced the European directive on the insurance of shipowners for maritime claims.
This European directive obliges ships sailing under a flag of one of the Member States of the European Union, or ships entering a port under the jurisdiction of one of the Member States of the European Union, to carry a certificate of insurance on board the ship. Based on this directive, Member States may choose to also apply this directive to ships operating in their territorial waters (however: the Netherlands did not choose to, in the Netherlands ships are only obliged having a certificate of insurance when entering a port).
Click here to read the complete article which is published in Maritime Executive.
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