What basic factors the underwriter takes into account when accepting Hull and Machinery Risks?

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Steering Mariners
Published at : 15 Jan 2021
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In marine insurance, what factors do the underwriters take into account when accepting hull and machinery risks a vessel is exposed to?
This video answers all the above questions and more for the benefit of mariners preparing for examinations (orals and written).
Mariners will also benefit by watching the following videos:
Principles of marine insurance: https://youtu.be/tdpHplQUScQ
Insurance broker and agent: https://youtu.be/G7qVGGs6xBY
Salvage at sea: https://youtu.be/-I2IIdd1bwE
Salvage and Towage: https://youtu.be/OgfLn9qat5w
SCOPIC clause: https://youtu.be/xWFLS_txIqc
Letter of protest and sea protest: https://youtu.be/p75f64NPoBA
Free pratique: https://www.youtube.com/watch?v=3B6aSwKy6Wo
Time and demise charter: https://youtu.be/hfqb8tz6rxc
Voyage, time, demise and bareboat charter: https://youtu.be/DFtdbpa7Gtw
Franchise in marine insurance: https://youtu.be/8Qkg7zv3zkU
General average and particular average: https://youtu.be/832m_9LVOBE
Notice of claim, tender clause and deductible: https://youtu.be/JYar-xryJGo
Subrogation and notice of abandonment: https://youtu.be/uw-uZHyRINE
Total loss of vessels: https://youtu.be/oT6D_DqLYYk
Running down and sister ship clause: https://youtu.be/sJ9pewC5wvA
Safe berth and safe port: https://youtu.be/VJno2F5MXZs
Indemnity Clause: https://youtu.be/Gv8jMmHMEzg
Exception Clause: https://youtu.be/024i2z4R7Tw
Full reach and withdrawal and cesser clause: https://youtu.be/EJEqUhHYSn8
Offhire clause and performance clause: https://youtu.be/ktwYyYt2Nok
Port of refuge: https://youtu.be/3D67JWpOdNc
Deviation from voyage: https://youtu.be/MTuelc3TYck
Voyage charter: https://youtu.be/Nh9SwNhdjcE
Time charter: https://youtu.be/zMytgr9AfG4
Note of protest: https://youtu.be/QArs9A9erCU
Treaty and convention: https://youtu.be/QY2FeyOtHD8
Meaning of protocol: https://youtu.be/mFaeO4H8-RU
International Law Terms: https://youtu.be/SvE4ICbmN-M
Inspection and survey: https://youtu.be/5qsaWLlDSyM
Classification survey: https://youtu.be/spjVL0pC8P8
Vetting inspections: https://youtu.be/HxXE7V232oU
P&I Club: https://youtu.be/81qPuC3Raew
Master’s obligations with P&I Claims: https://youtu.be/MNW3cbbQ0kU
How is a convention adopted by IMO? https://youtu.be/hbZIjQgnsrU
How does an IMO convention enter into force? https://youtu.be/q9enI2Gbu2s
How does IMO implement legislation? https://youtu.be/MqcdSq3ieOM
How is a convention amended at IMO? https://youtu.be/UgIjlm6-2QM
What is the International Chamber of Shipping? https://youtu.be/iJysPxww184
What is the International Shipping Federation? https://youtu.be/q-eQ8LVSiHg
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