ICS Sri Lanka Branch to hold seminar on ‘General Average and its implications’

Wednesday, 18 June 2014 00:03 - - {{hitsCtrl.values.hits}}

The Institute of Chartered Shipbrokers (UK) Sri Lanka Branch has organised a seminar on ‘General Average and its Implications’ on 3 July at the Galadari Hotel Colombo. Considering certain developments that took place in the local shipping industry in the not so distant past wherein three vessels had declared ‘General Average’ subsequent to accidents involving the respective vessels; it is deemed timely to organise a seminar of this nature firstly to create an awareness of the subject among the users of shipping services and secondly to educate them on its implications.

It is a fact that the subject of ‘General Average’ is alien to most of the stakeholders in the local shipping industry. Therefore, it is believed to be very relevant in today’s context and thus the Executive Committee of the Sri Lanka Branch of the Institute of Chartered Shipbrokers – UK has resolved to organise this seminar in a timely manner. Ideally, the following two renowned speakers who are specialists on the subject matter have been lined as resource personnel. Alex Pinto who is the Director of Charles Taylor Marine and Richards Hogg Lindley overseeing the Asean Region is also responsible for the Group’s marine activities in the Indian subcontinent. He is a Fellow of The Institute of Chartered Ship Brokers, UK, an Associate of The Chartered Insurance Institute London; a Foreign Associate of the American Association and UK Association of Average Adjusters and a Chartered Insurance Practitioner. Alex is also a Maritime Arbitrator and holds a Master’s Degree in Risk Management from the Monash University, Melbourne, Australia.

During his career he has worked in various markets including the UK, Middle East, Australia and India. His specialties include adjusting of hull, cargo, energy and liabilities claims including casualty management and mediation – acting on behalf of Salvors, Insurers and Assureds. He currently also looks after the Group’s marine business development in South East Asian and SAARC Region. In his career as loss adjuster and claims Manager, Alex has been involved in a number of multiple-bill of lading salvage and General Average cases, missing vessel, piracy and fraud cases. He has also been involved in the casualty management of a number of large marine losses for hull underwriters and cargo underwriters. He also oversees the Group’s Risk Management and Marine Surveying activities in the region. Arun Prassad Natarajan is a Partner of JLT Specialty Limited’s Dubai operations which is overseeing the Middle East and Indian Sub-continent. He holds a Fellowship Diploma from The Insurance Institute of India and a Diploma Holder from Chartered Insurance Institute London. Arun specialises on all aspects of Marine Insurance Covers including but not limited to Hull, War, P&I, K&R, Energy and Marine Contingency Insurances.

During his 24 year career which has mostly been Marine; Arun has been involved in placement of some of the most complicated marine risks. Apart from developing business, Arun also reviews and advices clients on various offshore vessel charter parties. The ICS Sri Lanka Branch hopes this seminar, which is perhaps the first of its kind to be held in Sri Lanka, would provide the unique opportunity for Shippers, Consignees, Ship Owners, Operators, Managers, Underwriters, Shipping Agents, Freight Forwarders, NVOCC’s, Maritime Lawyers, Consultants & Academics etc., to imbibe and benefit on the substance to be delivered by the experts. Visit website www.icslanka.lk for more details for registration.