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Marine insurance
Contact between ICS and London marine underwriters has continued
during the year. Informal meetings of the Insurance Committee
and the London market Joint Hull Committee (JHC) take place on
a six-monthly basis and ICS representatives are invited to attend
JHC meetings as appropriate.
The hull market has remained soft during the year, but the JHC
has been
active in developing a number of new initiatives. Foremost among
these
were guidelines for dealing with ISM Code claims and a questionnaire
and
clause regarding the Year 2000 problem. ICS representatives continue
to press the need for close consultation with owners.
In an international context, ICS has maintained its links with
the International Union of Marine Insurance, and the Secretary
General was a panellist at the IUMI Conference in September 1998
in Lisbon.
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