Newsletter February 2015
Charterama doubles volume in Asia
and looks further ahead
Since the opening of the Hong Kong office in April this year Charterama saw its premium in Asia double in volume. But not only Asia is showing such progress. Also in Europe, Middle East and North America RSA backed Charterama has become well known for its specialism in Charterers’ Liability insurance.

Charterama is investing in Asia. “Obviously with the recruitment of Powan Li, with her experience with NHC and Skuld, we were able to make a clear statement to the market in general and Asia in specific.”, says Lucien Lesuis. Managing Director of Charterama.
Volume more than doubles
Charterama has always been active in Asia but the office in Hong Kong proved to be a tremendous leverage in that market. In only 8 months time the premium volume has more than doubled and the office has since been expanded with a lawyer offering a qualified team to service their charterers clients.
Growth of over 20%
The Rotterdam head office has also moved forward. “We’ve seen our staff almost double this year with a total staff of 13 and we invested a lot in claims where we now have a team of four and five with Hong Kong included”. In 2014 Charterama had a growth of over 20% in premium volume with the majority being produced in Europe, Asia and Middle East. Also Canada has contributed significantly to the growth and India is being seen as a new area to grow.
the Club outside the IGA
In a market that is dominated by the P&I Clubs, Charterama has broken with the tradition that
Charterers’ Liability is a side product of owners P&I, Hull or other lines. Lesuis: “We offer Charterers’
Liability as our only product which makes us unique as an insurer defending the charterers interest only and nothing else. The P&I clubs being owned and managed by ship owners obviously have to deal with and explain to their charterers clients how they deal with the conflict of interest between owners and charterers. We are the Club outside the IGA”.
Charterama is constantly looking to improve its service but is also growing. A number of staff have joined us and we’d like to welcome Shirley Ho-A-Hing and Duncan de Melker Worms in Rotterdam and Powan Li in Hong Kong. Names you’ve probably already seen in the email address.
On the Claims department we have two talented ladies who joined us and who we’d like to introduce. 
Margaret Zhou
Joined Charterama Asia Pacific in 2014 dealing with both P&I and FD&D claims. Being based in Hong Kong, her first priority is to serve the clients in the Asia Pacific market. Margaret graduated from Dalian Maritime University as Bachelor of Law (majored in Maritime Law) and obtained a Master of Common Law degree from the University of Hong Kong. Prior to joining Charterama, she gained extensive experience in Charterers’ P&I and FD&D claims while working as Assistant Manager in a well known chartering operator in Hong Kong. She also worked in a major ship management company, mainly handling ship operations, claims as well as risk management matters. Margaret holds the legal profession qualifications in China and is a member of the Institute of Chartered Shipbrokers. She speaks both Mandarin and Cantonese and of course English.
Daniëlle Hofmans
Joined our team in Rotterdam in the position of Claims Handler. She graduated at the Erasmus University as Bachelor of Law and has her Master in Maritime and Transport Law. During her Bachelor Daniëlle developed a great interest in the maritime world of shipping and transport. Her chosen specialisation in Maritime and Transport Law at the university of Rotterdam is therefore no surprise. "The international environment and dynamics of Rotterdam as one of the world’s main ports, that is where it all happens", says Daniëlle Hofmans. Since September last year Daniëlle started to work with us, which proves to be a valuable cooperation in which knowledge and experience are combined. "Working as a Claims Handler for Charterama allows me to use my knowledge in practice and to develop myself into a specialist in the area of maritime, transport and contract law with international perspectives which go far beyond Rotterdam".
Cancelling Clauses
By Gerald Buist
Cancelling clauses are for the benefit of the charterers. It gives charterers the right to cancel the C/P if the vessel does not arrive at the specified destination by the agreed time. It does however not give charterers the right to claim damages unless the C/P expressly says so.

However owners will be liable for damages in case the vessel will not only miss her cancelling date but if separate from that owners will be in breach of another obligation under the C/P. This will be discussed further below.
Voyage Charters
The following cancelling clauses are respectively incorporated
P   0031 10 741 0 741
F   0031 10 741 0 742
Hong Kong
P   00852 3611 9763

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