BIA Marine Committee arranges a trip to Khalifa Port, ASRY, and Amwaj Marina
The Bahrain Insurance Association’s (BIA) sub Committee for Marine Insurance on February 18th has arranged for a one day educational tour to strengthen the knowledge of member companies’ underwriters in the three major lines: Commercial Hull, Pleasure craft and cargo.
The tour started in Khalifa bin Salman Port (KBSP), Bahrain’s largest port, where the Commercial manager at APM Terminals, Ebrahim Al-Salem, talked about the Ports history and capacity beside the security and safety including handling of Dangerous cargoes within the port. Underwriters observed loading of steel Cargo and Stuffing Containers as well as storage areas, which is an important element that any prudent underwriter shall consider before writing a risk.
Second scheduled visit was to the Arab Shipbuilding and Repair Yard (ASRY) whom provided the members details on the ASRY capacity, the facilities available, and various types of repairs, maintenance and building carried out by the Yard. Members toured the Yard Facilities and witnessed some of the repair works in both Dry and Floating docks and were briefed on docking procedure. Underwriters agreed that the maintenance of a ship is one of the main elements to be considered during underwriting commercial vessels alongside the availability of a capable yard for repair in addition to the cost. ASRY also hosted an in house lunch for the group.
The last visit was to Amwaj Marina, where the General Manager, Ali Al Fardan, briefed the committee members about the actual operations of the Marina, mooring arrangements and the facilities plus the different types of Yachts brands and sizes. This was beneficial considering the indirect relationship between Insurance Companies and marina within Bahrain, as marina require at least Third Party Liability form all their members, hence insurers will insist for a secured marina when it comes to Yacht/Pleasure Craft Insurance for safety of clients Boats/Yachts.
Marine Insurance Underwriters thanked BIA Marine Committee members for their efforts in arranging for this trip and wished them all the best in future activities.